For liquidity maintain : NRB is sending Rs 52 billion to the financial system

Dec Wed 2021 11:39:37

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For liquidity maintain : NRB is sending Rs 52 billion to the financial system

Kathmandu. Nepal Rastra Bank (NRB) is to send Rs 52 billion within a year for liquidity flow in the market. He said that the money was being sent to influence liquidity in the market as the credit effect was high as Nepal's economy was heading towards recovery.

At a program in the capital, NRB Governor Adhikari said that a refinancing of Rs 92 billion has been approved. Talking to reporters, he said that out of Rs 92 billion, Rs 50 billion would be disbursed this week and the remaining Rs 42 billion by December. This refinancing is made available to banks and financial institutions outright. Banks and financial institutions provide this loan by identifying the customer. Its amount is less than 50 million rupees.

Similarly, responding to a question raised by a journalist at the event, Governor Adhikari said that NRB currently has a foreign exchange reserve of 7.2 months to import goods and services.

As of April 20, 2013, Rs. 250 billion has been disbursed through permanent liquidity facility, Rs. 69 billion through overnight repo, Rs. 220 billion through repo and Rs. 27 billion through direct purchase. Provision has been made to keep the loan-to-deposit ratio at 90 percent by 2079 BS.