KATHMANDU, Feb 23: Nepal Rastra Bank (NRB) has asked the banks and financial institutions (BFIs) to maintain the difference between the interest rates on institutional deposit and individual deposit by at least one percent effective from March 14.

KATHMANDU, Feb 12: Commercial banks continue their trend of lowering interest rates, driven by a surge in liquidity over recent months.

Despite lowering their interest rates, banks are unable to increase their lending due to low demand for loans amid low business confidence triggered by the ongoing economic slowdown. Bankers have said that the demand for loans has not increased as expected. They have attributed this to the low confidence in the business sector and the problems of cash flow that banks are facing as a result of their non-performing assets.

KATHMANDU, Feb 4: Despite lowering their interest rates, banks are unable to increase their lending due to low demand for loans amid low business confidence triggered by the ongoing economic slowdown.

KATHMANDU, Dec 16:  Commercial banks have announced new interest rates for the month of Paush (mid-December to mid-January).

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

KATHMANDU, Sept 18: A number of banks have raised their interest rates for the months of mid-September and mid-October despite the banks being reported to have sufficient loanable funds amid slow demand for loans.

KATHMANDU, Sept 18: Effective today, seven commercial banks have opted to decrease their deposit interest rates, while eight others have chosen to raise them. Four banks, however, have maintained their existing interest rates.

KATHMANDU, Aug 17: In a significant departure from the recently abolished cartelization of interest rates by the Nepal Bankers' Association during the month of Shrawan (mid-July to mid-August), commercial banks have now embraced individualized interest rate structures for the upcoming Bhadra month (mid-August to mid-September).

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, June 14: Banks and financial institutions (BFIs) are likely to reduce the interest rates on loans from Friday, the beginning of the Nepali month of Asadh, with the increase in loanable funds with them.

KATHMANDU, May 10: Nepal Rastra Bank (NRB) has asked banks and financial institutions (BFIs) to fix interest rates on their loans on a monthly basis.

KATHMANDU, April 13: After immense pressure and facing a slowdown in their businesses, Nepali commercial banks have finally shown some indication of reducing the interest rates on loans.

KATHMANDU, April 11: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari said banks are free to fix their interest rates based on the market situation. His remark came at a time when the government and the private sector have been pressurizing the central bank to lower the interest rates.

MUMBAI, India, April 6: - India's central bank held interest rates Thursday for the first time in nearly a year because of "unprecedented uncertainty" in global markets but said it was committed to taming persistent inflation.

KATHMANDU,  March 20: Hotel Association of Nepal (HAN), the umbrella organization of hoteliers, has demanded to bring down the interest on loan to a single digit.

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

KATHMANDU, Jan 12: Commercial banks of Nepal are likely to reduce the existing interest rates on deposits from Sunday, the beginning of the new Nepali month, after the banks were replenished with surplus liquidity.

The survey reports of the private sector unveil a bleak picture of the economy. Manufacturers of construction materials are operating at 30 percent of their capacity, consumption of essentials has gone down by 18 percent and restaurants’ business by 20 percent, among others. These provide some evidence of how the economy is affected.

KATHMANDU, Dec 13: Commercial banks of Nepal are considering reviewing the existing interest rates on deposits from Friday, the beginning of the new Nepali month, after the banks have been cushioned with an improved liquidity.

KATHMANDU, Dec 2: While the private sector has warned of hitting the streets to exert pressure on Nepal Rastra Bank (NRB) to reduce the interest rates of banks, NRB Governor Maha Prasad Adhikari on Thursday made it clear that the central bank will not change its decision “just because of the protests by the market players”. The chief executive of the country’s central bank, however, expressed readiness to work with the private sector to fix the interest rates if they stand ready for that option.

KATHMANDU, Sept 22: Banks have been facing widespread criticism from people from different quarters after they raised the interest rates.

KATHMANDU, Sept 21: The Department of Cooperatives (DoC) has cautioned the cooperatives not to increase the interest rates on their own.

KATHMANDU, Aug 17: Nepal Rastra Bank (NRB) is unlikely to revisit its recent circular that contains, among others, rule on the revision of interest rates spread calculation method at least until the first quarter of the current fiscal year 2019/20.

KATHMANDU, July 9: Private sector leaders have advised the Nepal Rastra Bank (NRB) to bring the monetary policy for the upcoming fiscal year – FY2019/20 with a focus on maintaining the interest rates stability.

KATHMANDU, June 15: Leaders of the private sector, including bank and financial institutions (BFIs), have urged Nepal Rastra Bank (NRB) to focus its upcoming monetary policy 2019/20 toward addressing the current shortage of lendable fund in the banking system

KATHMANDU, Feb 21: Nepal Bankers Association (NBA) has opposed several key provisions introduced by the Nepal Rastra Bank (NRB) through the mid-term review of the Monetary Policy for Fiscal Year 2018/19.

KATHMANDU, Feb 21: Nepal Rastra Bank (NRB) has issued a circular to bank and financial institutions (BFIs), enacting three provisions introduced through the mid-term review of Monetary Policy for Fiscal Year 2018/19.  In the circular issued to BFIs on Wednesday, the central bank directed BFIs to lower the maximum interest rates on loans floated under the general refinance fund to 8 percent.

KATHMANDU, Feb 7: Private sector leaders have sought the intervention of Nepal Rastra Bank (NRB) to reduce the skyrocketing lending rates of bank and financial institutions (BFIs) that, they say, is further eroding competitiveness of the country’s manufacturing sector.

KATHMANDU, Jan 30: Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has made an appeal to the government and other concerned agencies to lower rising interest rates on bank loans.

BIRATNAGAR, Jan 27: Entrepreneurs in the eastern region of the country have announced protest programs against the concerned bodies for excessive interest rates.

KATHMANDU, Oct 12: Following widespread complaints that banks have been reluctant to lower their interest rates despite being in a comfortable liquidity position, Nepal Bankers Association (NBA) -- the umbrella organization of 28 commercial banks -- has decided to bring the cap on deposit rates by 0.5 percentage point.