NRB to Sweep Rs 40 Billion from Market in 56 Day Liquidity Mopping Drive

The Nepal Rastra Bank (NRB) has announced it will collect Rs 40 billion in deposits from the banking system for a duration of 56 days. This liquidity management tool is scheduled for bidding on April 15, 2026 (Baisakh 2, 2083), through the Online Bidding System Software (OBSS). Only "A", "B", and "C" class financial institutions are eligible to participate, with a minimum bid requirement of Rs 100 million. The interest rate for these deposits will be determined through the auction process, with the central bank prioritizing lower interest rate offers.

Successful bidders will receive their principal and interest payments on June 10, 2026 (Jestha 27, 2083). While these funds cannot be used to meet the Cash Reserve Ratio (CRR), they are eligible to be counted toward the Statutory Liquidity Ratio (SLR) and other liquidity requirements. Participants must ensure they have sufficient funds in their accounts on the issuance date to avoid being blacklisted. Additionally, the central bank has specified that no early or premature withdrawals will be permitted before the 56-day term expires.