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Banks have hiked their lending rates. Does that have more cons than pros?
November 1, 2022 13:05 pm
KATHMANDU, Nov 1: The new lending rates adopted by the commercial banks of the country that came into effect on Tuesday, October 18, demonstrate a rise from those employed previously. Creditors now have to pay as much as 18 percent interest rate for the money they borrow from banks. With soaring inflation and depleting foreign reserves, the increase in the lending rates reflects a liquidity crisis in the country that does not seem to have de-escalated with time.
PM instructs FinMin Khatiwada to intervene in reducing lending rates
February 17, 2019 03:30 am
KATHMANDU, Feb 17:Â Prime Minister KP Sharma Oli has instructed Minister for Finance Yuba Raj Khatiwada to make necessary 'intervention' in reducing burgeoning interest rates of bank loans.
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