KATHMANDU, March 5: The Nepal Rastra Bank (NRB) is going to mop an additional Rs 50 billion from Banking and Financial Institutions (BFIs) for liquidity management. The central bank will mop up the excess money in the market through the bidding tool.
According to the bank, it will get Rs 50 billion for 21 days for liquidity management as banks were unable to increase their loan investments.
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NRB to mop Rs 100 billion from BFIs
Similarly, the NRB has sought proposals from BFIs that have liquidity crunch. Likewise, Rs 84 billion mopped earlier by the NRB is yet to mature.
