Economy

Banks decide not to raise interest rate on loans for the month of Shrawan

KATHMANDU: The Nepal Bankers Association (NBA), umbrella organization representing commercial banks of Nepal, has decided not to raise interest rates for mid-July to mid-August period. Commercial banks have agreed to offer interest rates up to 11.03 per cent on deposits for this period. Machhapuchhre Bank’s Chief Executive Officer (CEO) Santosh...

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