KATHMANDU, Nov 17: A number of commercial banks and development banks have reduced the interest rates on their deposit collection effective from Friday.

KATHMANDU, Aug 8: Profits of development banks declined 7.82 percent in the last fiscal year, thanks to the ongoing economic recession that had led to a sharp decline in the banking businesses.

KATHMANDU, July 23: According to the monetary policy unveiled on Sunday, banks provided the highest amount of loans to the agricultural sector in the last fiscal year 2022/23.

KATHMANDU, July 15: Development banks are set to reduce interest rates. A meeting of Development Bankers Association-Nepal has agreed to reduce the interest rate with effect from July 17.

KATHMANDU, March 14: Commercial and development banks and financial institutions have lowered their interest rates with effect from Wednesday.

KATHMANDU, June 19: Development Bankers Association Nepal (DBAN) has urged the Nepal Rastra Bank (NRB) to allow 'B' class development banks to deduct loans floated to agriculture sector in excess to the regulatory requirement in the credit to core capital plus deposit (CCD) ratio.