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Majority of commercial banks lower their base lending rates to single digit
March 25, 2024 08:00 am
KATHMANDU, March 24: Majority of commercial banks have lowered their base interest rates on loans to single digit after they were overwhelmed with excess loanable funds.
BFIs consider reducing interest rates on loans from next month
June 14, 2023 08:00 am
KATHMANDU, June 14: Banks and financial institutions (BFIs) are likely to reduce the interest rates on loans from Friday, the beginning of the Nepali month of Asadh, with the increase in loanable funds with them.
Banks fail to increase lending despite excess liquidity
April 11, 2023 08:30 am
KATHMANDU, April 11: While Nepali banks have been piled up with an excess amount of loanable funds, they are unable to increase investment due to low demand for credit caused by exorbitant interest rates.
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