KATHMANDU, Jan 13: The Confederation of Nepalese Industries (CNI) has welcomed the decision of Nepal Bankers’ Association to reduce the interest rate.

KATHMANDU, Nov 15: Nepali commercial banks have decided not to increase interest rates for next one month citing the current situation in the country’s financial market and soaring inflation.

KATHMANDU, Nov 1: The nonperforming loans (NPL) of Nepali commercial banks have increased by a notable amount in the first three months of the current fiscal year, after the borrowers failed to pay back the banks’ loans on time due to excessive interest rates.

KATHMANDU, OCT 15: Commercial banks are likely not to raise the interest rate on their deposit collection in the next month after the recently increased interest rate failed to attract the deposit collection.

KATHMANDU, Sept 25: The Ministry of Finance (MoF) on Sunday formed a panel to study the banks and financial institutions (BFIs) raising the interest rate.

KATHMANDU, Sept 15: Nepali commercial banks will be raising their interest rates on fixed deposits after the Nepal Bankers’ Association (NBA) decided not to intervene in the banks to fix their interest rates.

KATHMANDU, August 7: Commercial banks have agreed on not revising the interest rate until mid-October, citing the rules recently enforced by Nepal Rastra Bank (NRB).

KATHMANDU, July 16: The state-owned public financial organizations—Employees Provident Fund (EPF) and Citizen Investment Trust (CIT)—are increasing their interest rate on the collected funds effective from Sunday– the first day of the new fiscal year 2022/23.

KATHMANDU, March 13: Commercial banks have agreed not to hike the interest rate on their deposits from mid-March to mid-April.

KATHMANDU, Feb 21: Commercial banks were able to increase their deposits by mere Rs 1 billion last week after they raised the interest rate on deposits to attract more funds.

KATHMANDU, Feb 12: Banks are increasing the interest rate on deposits citing the tight liquidity position in the country’s banking system.

KATHMANDU, Jan 31: Nepal Rastra Bank (NRB) has capped the premium amount on the interest rate of hire purchase loan being charged by the companies concerned from their customers.

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.

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.