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News tagged 'Interest Rates'

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...

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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...

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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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