Banks have individually determined their interest rates following the cancellation of an interest rate cartelization scheme by the Nepal Bankers’ Association. The decision, made in the interest of fairness and transparency, has resulted in varied interest rates across banks effective from July 17th.
While a significant number of banks have chosen to reduce their interest rates, others have maintained theirs or even increased them in a bid to attract deposits for future business opportunities.
Read More : Banks Set to Regulate Interest Rates After Eliminating Cartelization