Commercial banks not to raise interest rate until mid-October
KATHMANDU, August 7: Commercial banks have agreed on not revising the interest rate until mid-October, citing the rules recently enforced by Nepal Rastra Bank (NRB).
KATHMANDU, June 13: The interest rate of deposits will remain stable in the coming month of July. This decision was made during the meeting of the collective organization of commercial banks, Nepal Bankers Association (NBA) on Tuesday.
Commercial banks are offering 5.4 percent t
KATHMANDU, March 14: Beginning from March 15th, commercial banks and financial institutions in Nepal will be reducing their premium rate on loans by one percent and interest on savings by 0.4 percent.
This decision follows an agreement made by the Nepal Bankers' Association
KATHMANDU, March 9: The interest rate of bank loans will be decreased by 1 percent starting March 15, 2023. The meeting of the Nepal Bankers Association (NBA), an organization of Chief Executive Officers (CEOs) of commercial banks decided to implement a decrease in interest rates.
Commercial banks, which had been maintaining the interest rate since mid-October, have decided to reduce the interest rate on deposits from mid-January.
The meeting of Nepal Bankers Association, the umbrella organization of chief executive officers of commercial banks, decided to reduce the interest rate on deposits.
The meeting of Nepal Bankers Association, the umbrella organization of chief executive officers of commercial banks, decided to reduce the interest rate on deposits.
KATHMANDU: The umbrella association for commercial banks, Nepal Bankers Association (NBA), has given commercial banks the right to determine the interest rate. The decision was made at a meeting held on Thursday to maintain interest rate of commercial banks in Ashoj (mid-September to mid-October). Banks have not raised interest rate for the past six months. […]
