Nepal, May 18 -- Nepal Rastra Bank (NRB) is going to mop Rs 2.4 billion from banking and financial institutions to manage liquidity. The central bank will raise this amount through a 21-day deposit auction.

NRB has invited proposals from banks and financial institutions for this purpose. The bidding will be held online on Sunday at 3 pm.The principal amount and interest will be paid on June 8. Currently, Rs 169.9 billion collected through deposit instruments by NRB is yet to mature.

Published by HT Digital Content Services with permission from Republica....