Kathmandu, September 22 — The Nepal Rastra Bank is set to raise NPR 30 billion from the banking sector today.
This decision comes in response to a buildup of deposits in banks and financial institutions due to a lack of loan disbursement.
The central bank announced that it will collect the funds through a bidding process for deposit collection, where banks and financial institutions must place a minimum deposit of NPR 100 million.
The interest and principal payments for the deposits raised over a 14-day period are scheduled to be made on October 6, 2024.
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