Banks decide to increase interest rate on deposits by one point percent citing tight liquidity
Published on: Friday 11 February 2022
KATHMANDU, Feb. 12 -- Banks are increasing the interest rate on deposits citing the tight liquidity position in the country's banking system.Nepal Bankers' Association (NBA) through a meeting on Friday decided to raise the interest rate on deposits by one point percent. In the revised rate, the umbrella organization has maintained the ceiling of 11.03 percent on the fixed deposits for the individual clients.The upper limit of the interest rate...
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