KATHMANDU, Jan 9: The government has ruled out raising the reference interest rate for cooperatives at a time when the cooperatives operators have been lobbying the government bodies to hike the interest rate.

KATHMANDU, Dec 16: Banks and financial institutions (BFIs) have been barred from altering their interest rates on fixed-rate loans without receiving the consensus of the borrowers.

KATHMANDU, Nov 21: The deposits collection by commercial banks declined by Rs 36 billion whereas the loan issuance increased by equivalent amounts in the one month period from mid-October to mid-November.

KATHMANDU, Oct 11: Banks are likely to raise interest rates on loans after mid-October citing the shortfall in loanable funds available with them triggered by the excessive rise in imports and slow inflow of remittance amount.

KATHMANDU, Oct 4: Finance Minister Janardan Sharma has urged the microfinance institutions (MFIs) to reduce the existing interest rates on loans. MFOIs across the country have been investing through loans at an interest rate of 10 to 15 percent.

Dilemma of Central Banking

January 16, 2020 07:39 am

BEIJING – Low interest rates—both nominal and real—have been a persistent feature of advanced economies since the 1980s. How long, many now wonder, can the trend last?

KATHMANDU, Nov 24: The interest rate of bank loans is less likely to fall in the second quarter of the current Fiscal Year 2019/20. Rather, some of the commercial banks may raise their lending rates.

KATHMANDU, Nov 16: The Ministry of Land Management, Cooperatives and Poverty Alleviation on Friday said that the government was firm to implement the reference interest rate of 16 percent on lending by cooperative organizations.

KATHMANDU, Aug 7: Nepal Rastra Bank (NRB) has revised a formula to calculate spread that a bank must maintain between their deposits and lending rates.

KATHMANDU, Aug 3: The government has capped the lending rate for cooperatives at 16%.

KATHMANDU, Aug 2: The government has fixed the ceiling of interest rate charged by the cooperatives at 16 percent, informed Ministry for Land Management, Co-operatives and Poverty.

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.

KATHMANDU, Dec 27: Nepal Rastra Bank (NRB) has revised the base rate calculation formula for bank and financial institutions (BFIs) that will lower interest rates on loans by at least 0.75 percentage point.