NRB invites bids to collect Rs 6bn in deposits

KATHMANDU: The Monetary Management Department of Nepal Rastra Bank (NRB) has invited bids to collect one-month deposits worth Rs 6 billion.

The central bank stated that only licensed 'A', 'B', and 'C' class banks and financial institutions are eligible to participate in the deposit collection instrument.

According to the central bank, the minimum bid amount must be Rs 100 million, with the maximum bid amount required to be an amount exactly divisible by the minimum bid amount.