NRB circulating additional Rs. 10 bln to the banking sector today

Kathmandu: Nepal Rastra Bank (NRB) is inserting additional Rs 10 billion in the financial system to cope the prevailing liquidity crisis.

On Sunday only, the central bank injected Rs. 5 billion through purchasing development bonds held by BFIs.

As per a NRB notice, the bank has circulated Rs 10 billion liquidity in the financial system by direct purchase of development bonds.

The bank is set to inject the liquidity in the financial system following the excessive demand for funds from BFIs.

The bank said that the interested parties would have to submit their bids documents through Online Bidding System Software of NRB by 2 pm Wednesday (January 3, 2018).