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Commercial banks recording tepid deposit collection despite raising interest rate on deposits

KATHMANDU: Although banks and financial institutions have increased interest rates on deposits citing liquidity crisis, deposit collection has not increased as expected. Although banks have raised interest rates on deposits to 11.03 percent since mid-February, the deposits of commercial banks have increased by only Rs 1 billion. According to the...

Commercial banks recording tepid deposit collection despite raising interest rate on deposits
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