Nepal, March 23 -- Nepal Rastra Bank (NRB) has begun withdrawing liquidity worth Rs 20 billion from the banking system through deposit collection approach starting today.

The bank has announced that it will bid and issue deposit collection for 21 days, with the bidding time set for 3 pm today. While offering permanent deposit facilities at deposit collection rates, NRB is also mopping liquidity through this bidding process, with the principal and interest of the collected deposits to be paid on April 13.

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