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Guide to OZ Jobs/Rooms listingsNews tagged 'interest rate'
Central bank mulls bringing down loan interest to single digit
Jul 2, 2020
KATHMANDU, JULY 1 The Nepal Rastra Bank (NRB) is formulating the Monetary Policy for 2020-21 with due focus on bringing down the interest rate and restructuring loans. As per NRB sources, different measures are being introduced through the Monetary Policy to bring interest rate on loan to single digit, that is, around nine per cent. Similarly, the ...
Banks mull slashing interest rate on deposits from new fiscal year
Jun 30, 2020
KATHMANDU, JUNE 29 Banks are preparing to reduce the interest rate on deposits citing that the low interest rate on loans and higher rates on deposit are adding to the financial pressure on banks and financial institutions (BFIs). Though banks have not been reducing interest rate on deposits despite the pressure to bring down interest rate on loans...
Nepal Inc seeks interest rate reduction on loans
Jun 22, 2020
KATHMANDU, JUNE 21 As Nepal Rastra Bank prepares to bring the Monetary Policy for fiscal year 2020-21, the business community has demanded reduction in interest rates on bank loans. The Confederation of Nepalese Industries, Federation of Nepalese Chambers of Commerce and Industry and Nepal Chamber of Commerce have already submitted their recommenda...
Westpac joins NAB in raising interest rates
Mar 23, 2017
TWO down, two to go. Westpac has joined rival National Australia Bank in hiking mortgage interest rates for investors and owner-occupiers. Interest-only investor loans will be hardest hit, increasing by 28 basis points to 5.96 per cent per annum. Principal and interest investor loans will increase by 23 basis points to 5.79 per cent. The bank...
12 percent interest on Kumari Bank fixed-deposit accounts
Feb 18, 2017
KATHMANDU, Feb 15: Kumari Bank Ltd (KBL) has started a special fixed deposit account under which it will provide 12 percent interest rate. According to the bank, it will provide the interest amount on monthly basis. “Customers can open the fixed deposit account by depositing a minimum of Rs 100,000,” a statement issued by the bank said...
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