PM Oli asks banks not to impose interest arbitrarily

Published On: February 16, 2019 05:40 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Feb 16: Prime Minister KP Sharma Oli has urged the banks not to impose interest rate arbitrarily. PM Oli said this during a delegation of the FNCCI at his residence, Baluwatar, today. 

The PM also urged the investors to increase investment on productive sectors that prop up nation's economy. "You can invest much in agriculture," he stressed. 

On the occasion, PM Oli directed the Finance Minister Dr Yuba Raj Khatiwada and Nepal Rastra Bank Governor Dr Chiranjivi Nepal to talk to the bankers on entrepreneurs' complaints. 

"It is not good that banks float loan on one condition and impose interest arbitrarily," the PM said, adding that government was always ready to solve the problems facing industrialists and entrepreneurs. 

The delegation led by FNCCI Chair Bhawani Rana apprised the PM of the problems created after the banks imposed maximum interest rate. RSS

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