NRB withdraw an extra Rs. 20 Billion from the Banking Sector

The Nepal Rastra Bank (NRB) is preparing to withdraw an extra Rs 20 billion from the banking sector on Wednesday, with the intention of controlling the rising surplus liquidity in banks and financial entities. This decision comes after a comparable action on Monday when the central bank extracted Rs 35 billion from the marketplace.

The NRB has declared that these funds will be taken out for a duration of 21 days through its deposit collection mechanism. The central bank has been actively engaging such measures in recent months to stabilize liquidity levels and steer short-term interest rates.

According to the announcement, banks and financial institutions that are interested may submit their bids online until 3 PM on Wednesday.