First Business News Portal in English from Nepal
KATHMANDU: Commercial banks of the country have revised interest rates for the month of Kartik. Interest rate that banks have announced are much higher as banks have been facing the liquidity problem.
Moreover, banks have made a gentleman’s agreement to increase interest rates to address the liquidity crisis seen in the market. Bhuwan Dahal, the president of the Nepal Bankers’ Association, informed that new interest rates of banks are the highest in the past few years.
Bank Interest Rate
Himalayan Bank Up to 11.66%
NIC Asia Up to 11.1%
NCC Bank 10.55%
Kumari Bank 10.31%
Laxmi Bank 10.05%
Sunrise Bank 9%
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