South Asian News Network

Due to excess liquidity in the market, Nepal Rastra Bank plans to withdraw 40 billion rupees from the banking sector. The bank has set a 21-day bidding period for a minimum of 100 million rupees and a maximum of 50 million rupees. On Falgun 11, the principle and interest payment will be established, as will the interest rate through bidding. Only Nepal Rastra Bank-licensed banks and financial organizations are eligible to participate. The bank will form a separate account for the collected deposits.