The Nepal Rastra Bank (NRB) is set to withdraw an additional Rs 20 billion from the banking system on Wednesday, following continued excess liquidity among banks and financial institutions. This move comes just two days after the central bank withdrew Rs 35 billion on Monday.
To manage the surplus funds in the market, the NRB will carry out the withdrawal for a 21-day period through its deposit collection system. The central bank has been consistently using this tool in recent months to stabilize liquidity levels.
According to an official notice, interested banks and financial institutions can submit their bids online by 3 PM on Wednesday to participate in the deposit collection.
