Commercial banks agree to reduce interest rates 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, MARCH 13: Twenty commercial banks have made public new interest rates on the deposits for the coming Nepali month of Chaitra (mid-March to mid-April). A majority of them i.e. 17 reduced interest rates for personal term deposits and institutional deposits. This is attributed to increased liquidity in the banking system and decreased credit flow. […]
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KATHMANDU, Sep 17: Commercial banks have set new interest rates for the Nepali month of Asoj. According to the policy of the Central Bank, the new interest rates which will be applicable from the 18th of September, have been announced by the banks on September 17.
Banks that hav
The Nepal Bankers Association has decided to end the gentleman's agreement on interest rates.
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Banks and financial institutions have decided to implement the decision to reduce the interest rates beginning from Wednesday.
The post Banks and financial institutions reducing interest rates from Wednesday appeared first on OnlineKhabar English News.
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.
With the liquidity crunch at banks and financial institutions, the Nepal Rastra Bank (NRB) on Sunday issued a fresh directive on interest rates.
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