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<p style="text-align: justify;">NRB through its concept paper has formulated a mechanism under which if BFIs tend to increase interest rate on loans with above a year maturation period, it must inform the debtors prior to 45 days. Similarly, BFIs will have to inform debtors 30 days before increasing interest rate on renewable loans and other short-term loans. NRB has also requested to provide suggestions (if any) on the concept paper within seven days.</p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
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<p style="text-align: justify;">The central bank brought the concept paper to control haphazard increase in loan interest rate by BFIs,” said Narayan Prasad Poudel, Executive Director of BFIs Regulation Department and Spokesperson of NRB. </p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
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include - APP/View/Articles/view.ctp, line 116
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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March 17: A, B and C listed banks and financial institutions (BFIs) can now increase their loan interest rate only twice annually. On Thursday, Nepal Rastra Bank (NRB), publishing its concept paper on provision of setting and reviewing interest rate, set time limit on setting loan interest rate.
NRB through its concept paper has formulated a mechanism under which if BFIs tend to increase interest rate on loans with above a year maturation period, it must inform the debtors prior to 45 days. Similarly, BFIs will have to inform debtors 30 days before increasing interest rate on renewable loans and other short-term loans. NRB has also requested to provide suggestions (if any) on the concept paper within seven days.
The central bank brought the concept paper to control haphazard increase in loan interest rate by BFIs,” said Narayan Prasad Poudel, Executive Director of BFIs Regulation Department and Spokesperson of NRB.
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include - APP/View/Articles/view.ctp, line 273
View::_evaluate() - CORE/Cake/View/View.php, line 971
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
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'summary' => 'March 17: A, B and C listed banks and financial institutions (BFIs) can now increase their loan interest rate only twice annually. On Thursday, Nepal Rastra Bank (NRB), publishing its concept paper on provision of setting and reviewing interest rate, set time limit on setting loan interest rate.',
'content' => '<p style="text-align: justify;">March 17: A, B and C listed banks and financial institutions (BFIs) can now increase their loan interest rate only twice annually. On Thursday, Nepal Rastra Bank (NRB), publishing its concept paper on provision of setting and reviewing interest rate, set time limit on setting loan interest rate.</p>
<p style="text-align: justify;">NRB through its concept paper has formulated a mechanism under which if BFIs tend to increase interest rate on loans with above a year maturation period, it must inform the debtors prior to 45 days. Similarly, BFIs will have to inform debtors 30 days before increasing interest rate on renewable loans and other short-term loans. NRB has also requested to provide suggestions (if any) on the concept paper within seven days.</p>
<p style="text-align: justify;">The central bank brought the concept paper to control haphazard increase in loan interest rate by BFIs,” said Narayan Prasad Poudel, Executive Director of BFIs Regulation Department and Spokesperson of NRB. </p>
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[maximum depth reached]
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'title' => 'Central Bank to Cap Loan Interest Rate',
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'summary' => 'March 17: A, B and C listed banks and financial institutions (BFIs) can now increase their loan interest rate only twice annually. On Thursday, Nepal Rastra Bank (NRB), publishing its concept paper on provision of setting and reviewing interest rate, set time limit on setting loan interest rate.',
'content' => '<p style="text-align: justify;">March 17: A, B and C listed banks and financial institutions (BFIs) can now increase their loan interest rate only twice annually. On Thursday, Nepal Rastra Bank (NRB), publishing its concept paper on provision of setting and reviewing interest rate, set time limit on setting loan interest rate.</p>
<p style="text-align: justify;">NRB through its concept paper has formulated a mechanism under which if BFIs tend to increase interest rate on loans with above a year maturation period, it must inform the debtors prior to 45 days. Similarly, BFIs will have to inform debtors 30 days before increasing interest rate on renewable loans and other short-term loans. NRB has also requested to provide suggestions (if any) on the concept paper within seven days.</p>
<p style="text-align: justify;">The central bank brought the concept paper to control haphazard increase in loan interest rate by BFIs,” said Narayan Prasad Poudel, Executive Director of BFIs Regulation Department and Spokesperson of NRB. </p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
