Kathmandu, Banks and financial institutions have seen more liquidity. The central bank is about to raise Rs 40 billion in deposits as soon as liquidity is seen. Nepal Rastra Bank is about to raise Rs 40 billion in deposits from banks and financial institutions. The central bank has stated that the bidding will be done through online bidding system till 3 pm on July 6. The NRB has stated that the interest rate of the deposit will be determined through bidding.

According to the NRB, the banks and financial institutions that want to make a deposit will be able to bid up to Rs 50 million at the minimum and Rs 50 million at the maximum. The central bank is going to collect the deposits by returning the capital on July 12. This deposit can be used as collateral in banks and financial institutions other than NRB and bidding can also be done at multi-interest rate.

Only banks and financial institutions of category 'A', 'B' and 'C' licensed by Nepal Rastra Bank will be able to participate in the bidding for this deposit collection tool. NRB has stipulated that the amount to be deposited and interest rate (up to four digits in case of decimal point) should be mentioned in the auction of deposit collection. Similarly, the NRB has stated that the lowest interest rate as per the bid will be given in the first priority order while distributing the amount called for deposit collection.