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Banks regulate interest rates after scrapping cartelization
July 16, 2023 15:02 pm
KATHMANDU, July 16: Banks have individually determined their interest rates following the cancellation of an interest rate cartelization scheme by the Nepal Bankers’ Association. The decision, made in the interest of fairness and transparency, has resulted in varied interest rates across banks effective from July 17th.
Interest rates on bank deposits below 10% from Friday
April 12, 2023 14:15 pm
Kathmandu, April 12: Bankers have decided to reduce the interest rates on bank deposits so that they are below 10 per cent, to be effective from Friday, the Nepali New Year.
NBA says crypto, virtual currency, network marketing are illegal
January 26, 2022 14:40 pm
KATHMANDU, Jan 26: Nepal Bankers' Association (NBA), the umbrella organization of the commercial banks, has said that the crypto, virtual currency and the network marketing business and transactions are illegal in the country.
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