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<p style="text-align:justify">The banks put forth this demand with the central bank after they were asked for suggestions regarding the provision on interest rate fixation and review through a Nepal Rastra Bank (NRB) concept paper on March 16.</p>
<p style="text-align:justify">The central bank has urged the banks to send suggestions while making public its own concept on only increasing interest rate twice a year in loans and informing debtors at least 45 days in advance if there is a need to increase the interest rate of loan of more than one year of loan period, and increasing interest rate of short period or that of renewable loans by informing a month earlier.</p>
<p style="text-align:justify">The NRB concept includes banks should inform the clients on various kinds of fees, annual and periodic interest rates as well as the method and basis of calculation of interest rate.</p>
<p style="text-align:justify">The banks’ suggestions were sent through the Nepal Bankers Association (NBA), said Association Vice Chairman and Nepal Bangladesh Bank Chief Executive Officer Gyanendra Dhungana. The association has 28 banks associated with it. Other suggestions by the Association are right to increase interest rate when desired saying that only 30 days’ notice was enough for increasing interest rates.</p>
<p style="text-align:justify"> Likewise, the 55 development banks of the Development Bankers Association (DBA) have also suggested two month deadline for increasing or reducing interest rate as per the market status, said Association Chairman and Kailash Development Bank CEO Krishna Raj Lamichhane. He said they should not be forced to specify interest rate ceiling in an open economy.</p>
<p style="text-align:justify">Likewise, the 33 finance companies of ‘C’ class have also agreed to the suggestions by the Nepal Bankers Association (NBA) and have not sent separate suggestions, said Finance Company Association Chairman and Goodwill Finance CEO Sarojkaji Tuladhar.</p>
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<p style="text-align:justify">The banks put forth this demand with the central bank after they were asked for suggestions regarding the provision on interest rate fixation and review through a Nepal Rastra Bank (NRB) concept paper on March 16.</p>
<p style="text-align:justify">The central bank has urged the banks to send suggestions while making public its own concept on only increasing interest rate twice a year in loans and informing debtors at least 45 days in advance if there is a need to increase the interest rate of loan of more than one year of loan period, and increasing interest rate of short period or that of renewable loans by informing a month earlier.</p>
<p style="text-align:justify">The NRB concept includes banks should inform the clients on various kinds of fees, annual and periodic interest rates as well as the method and basis of calculation of interest rate.</p>
<p style="text-align:justify">The banks’ suggestions were sent through the Nepal Bankers Association (NBA), said Association Vice Chairman and Nepal Bangladesh Bank Chief Executive Officer Gyanendra Dhungana. The association has 28 banks associated with it. Other suggestions by the Association are right to increase interest rate when desired saying that only 30 days’ notice was enough for increasing interest rates.</p>
<p style="text-align:justify"> Likewise, the 55 development banks of the Development Bankers Association (DBA) have also suggested two month deadline for increasing or reducing interest rate as per the market status, said Association Chairman and Kailash Development Bank CEO Krishna Raj Lamichhane. He said they should not be forced to specify interest rate ceiling in an open economy.</p>
<p style="text-align:justify">Likewise, the 33 finance companies of ‘C’ class have also agreed to the suggestions by the Nepal Bankers Association (NBA) and have not sent separate suggestions, said Finance Company Association Chairman and Goodwill Finance CEO Sarojkaji Tuladhar.</p>
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<p style="text-align:justify">The banks put forth this demand with the central bank after they were asked for suggestions regarding the provision on interest rate fixation and review through a Nepal Rastra Bank (NRB) concept paper on March 16.</p>
<p style="text-align:justify">The central bank has urged the banks to send suggestions while making public its own concept on only increasing interest rate twice a year in loans and informing debtors at least 45 days in advance if there is a need to increase the interest rate of loan of more than one year of loan period, and increasing interest rate of short period or that of renewable loans by informing a month earlier.</p>
<p style="text-align:justify">The NRB concept includes banks should inform the clients on various kinds of fees, annual and periodic interest rates as well as the method and basis of calculation of interest rate.</p>
<p style="text-align:justify">The banks’ suggestions were sent through the Nepal Bankers Association (NBA), said Association Vice Chairman and Nepal Bangladesh Bank Chief Executive Officer Gyanendra Dhungana. The association has 28 banks associated with it. Other suggestions by the Association are right to increase interest rate when desired saying that only 30 days’ notice was enough for increasing interest rates.</p>
<p style="text-align:justify"> Likewise, the 55 development banks of the Development Bankers Association (DBA) have also suggested two month deadline for increasing or reducing interest rate as per the market status, said Association Chairman and Kailash Development Bank CEO Krishna Raj Lamichhane. He said they should not be forced to specify interest rate ceiling in an open economy.</p>
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<p style="text-align:justify">The banks put forth this demand with the central bank after they were asked for suggestions regarding the provision on interest rate fixation and review through a Nepal Rastra Bank (NRB) concept paper on March 16.</p>
<p style="text-align:justify">The central bank has urged the banks to send suggestions while making public its own concept on only increasing interest rate twice a year in loans and informing debtors at least 45 days in advance if there is a need to increase the interest rate of loan of more than one year of loan period, and increasing interest rate of short period or that of renewable loans by informing a month earlier.</p>
<p style="text-align:justify">The NRB concept includes banks should inform the clients on various kinds of fees, annual and periodic interest rates as well as the method and basis of calculation of interest rate.</p>
<p style="text-align:justify">The banks’ suggestions were sent through the Nepal Bankers Association (NBA), said Association Vice Chairman and Nepal Bangladesh Bank Chief Executive Officer Gyanendra Dhungana. The association has 28 banks associated with it. Other suggestions by the Association are right to increase interest rate when desired saying that only 30 days’ notice was enough for increasing interest rates.</p>
<p style="text-align:justify"> Likewise, the 55 development banks of the Development Bankers Association (DBA) have also suggested two month deadline for increasing or reducing interest rate as per the market status, said Association Chairman and Kailash Development Bank CEO Krishna Raj Lamichhane. He said they should not be forced to specify interest rate ceiling in an open economy.</p>
<p style="text-align:justify">Likewise, the 33 finance companies of ‘C’ class have also agreed to the suggestions by the Nepal Bankers Association (NBA) and have not sent separate suggestions, said Finance Company Association Chairman and Goodwill Finance CEO Sarojkaji Tuladhar.</p>
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<p style="text-align:justify">The banks put forth this demand with the central bank after they were asked for suggestions regarding the provision on interest rate fixation and review through a Nepal Rastra Bank (NRB) concept paper on March 16.</p>
<p style="text-align:justify">The central bank has urged the banks to send suggestions while making public its own concept on only increasing interest rate twice a year in loans and informing debtors at least 45 days in advance if there is a need to increase the interest rate of loan of more than one year of loan period, and increasing interest rate of short period or that of renewable loans by informing a month earlier.</p>
<p style="text-align:justify">The NRB concept includes banks should inform the clients on various kinds of fees, annual and periodic interest rates as well as the method and basis of calculation of interest rate.</p>
<p style="text-align:justify">The banks’ suggestions were sent through the Nepal Bankers Association (NBA), said Association Vice Chairman and Nepal Bangladesh Bank Chief Executive Officer Gyanendra Dhungana. The association has 28 banks associated with it. Other suggestions by the Association are right to increase interest rate when desired saying that only 30 days’ notice was enough for increasing interest rates.</p>
<p style="text-align:justify"> Likewise, the 55 development banks of the Development Bankers Association (DBA) have also suggested two month deadline for increasing or reducing interest rate as per the market status, said Association Chairman and Kailash Development Bank CEO Krishna Raj Lamichhane. He said they should not be forced to specify interest rate ceiling in an open economy.</p>
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<p style="text-align:justify">The NRB concept includes banks should inform the clients on various kinds of fees, annual and periodic interest rates as well as the method and basis of calculation of interest rate.</p>
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<p style="text-align:justify"> Likewise, the 55 development banks of the Development Bankers Association (DBA) have also suggested two month deadline for increasing or reducing interest rate as per the market status, said Association Chairman and Kailash Development Bank CEO Krishna Raj Lamichhane. He said they should not be forced to specify interest rate ceiling in an open economy.</p>
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<p style="text-align:justify">The banks put forth this demand with the central bank after they were asked for suggestions regarding the provision on interest rate fixation and review through a Nepal Rastra Bank (NRB) concept paper on March 16.</p>
<p style="text-align:justify">The central bank has urged the banks to send suggestions while making public its own concept on only increasing interest rate twice a year in loans and informing debtors at least 45 days in advance if there is a need to increase the interest rate of loan of more than one year of loan period, and increasing interest rate of short period or that of renewable loans by informing a month earlier.</p>
<p style="text-align:justify">The NRB concept includes banks should inform the clients on various kinds of fees, annual and periodic interest rates as well as the method and basis of calculation of interest rate.</p>
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<p style="text-align:justify"> Likewise, the 55 development banks of the Development Bankers Association (DBA) have also suggested two month deadline for increasing or reducing interest rate as per the market status, said Association Chairman and Kailash Development Bank CEO Krishna Raj Lamichhane. He said they should not be forced to specify interest rate ceiling in an open economy.</p>
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<p style="text-align:justify">The central bank has urged the banks to send suggestions while making public its own concept on only increasing interest rate twice a year in loans and informing debtors at least 45 days in advance if there is a need to increase the interest rate of loan of more than one year of loan period, and increasing interest rate of short period or that of renewable loans by informing a month earlier.</p>
<p style="text-align:justify">The NRB concept includes banks should inform the clients on various kinds of fees, annual and periodic interest rates as well as the method and basis of calculation of interest rate.</p>
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<p style="text-align:justify"> Likewise, the 55 development banks of the Development Bankers Association (DBA) have also suggested two month deadline for increasing or reducing interest rate as per the market status, said Association Chairman and Kailash Development Bank CEO Krishna Raj Lamichhane. He said they should not be forced to specify interest rate ceiling in an open economy.</p>
<p style="text-align:justify">Likewise, the 33 finance companies of ‘C’ class have also agreed to the suggestions by the Nepal Bankers Association (NBA) and have not sent separate suggestions, said Finance Company Association Chairman and Goodwill Finance CEO Sarojkaji Tuladhar.</p>
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April 7: Banks and Financial Institutions (BFIS) have demanded that they be allowed to increase the interest rate on loans as per the situation of demand and supply.
The banks put forth this demand with the central bank after they were asked for suggestions regarding the provision on interest rate fixation and review through a Nepal Rastra Bank (NRB) concept paper on March 16.
The central bank has urged the banks to send suggestions while making public its own concept on only increasing interest rate twice a year in loans and informing debtors at least 45 days in advance if there is a need to increase the interest rate of loan of more than one year of loan period, and increasing interest rate of short period or that of renewable loans by informing a month earlier.
The NRB concept includes banks should inform the clients on various kinds of fees, annual and periodic interest rates as well as the method and basis of calculation of interest rate.
The banks’ suggestions were sent through the Nepal Bankers Association (NBA), said Association Vice Chairman and Nepal Bangladesh Bank Chief Executive Officer Gyanendra Dhungana. The association has 28 banks associated with it. Other suggestions by the Association are right to increase interest rate when desired saying that only 30 days’ notice was enough for increasing interest rates.
Likewise, the 55 development banks of the Development Bankers Association (DBA) have also suggested two month deadline for increasing or reducing interest rate as per the market status, said Association Chairman and Kailash Development Bank CEO Krishna Raj Lamichhane. He said they should not be forced to specify interest rate ceiling in an open economy.
Likewise, the 33 finance companies of ‘C’ class have also agreed to the suggestions by the Nepal Bankers Association (NBA) and have not sent separate suggestions, said Finance Company Association Chairman and Goodwill Finance CEO Sarojkaji Tuladhar.
NRB has given seven-day deadline for suggestions and NRB Spokesman Narayan Prasad Paudel said the collected suggestions will be presented at the board meeting and decision on it will be made by the Board.
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<p style="text-align:justify">The banks put forth this demand with the central bank after they were asked for suggestions regarding the provision on interest rate fixation and review through a Nepal Rastra Bank (NRB) concept paper on March 16.</p>
<p style="text-align:justify">The central bank has urged the banks to send suggestions while making public its own concept on only increasing interest rate twice a year in loans and informing debtors at least 45 days in advance if there is a need to increase the interest rate of loan of more than one year of loan period, and increasing interest rate of short period or that of renewable loans by informing a month earlier.</p>
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<p style="text-align:justify">The banks put forth this demand with the central bank after they were asked for suggestions regarding the provision on interest rate fixation and review through a Nepal Rastra Bank (NRB) concept paper on March 16.</p>
<p style="text-align:justify">The central bank has urged the banks to send suggestions while making public its own concept on only increasing interest rate twice a year in loans and informing debtors at least 45 days in advance if there is a need to increase the interest rate of loan of more than one year of loan period, and increasing interest rate of short period or that of renewable loans by informing a month earlier.</p>
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<p style="text-align:justify">The banks put forth this demand with the central bank after they were asked for suggestions regarding the provision on interest rate fixation and review through a Nepal Rastra Bank (NRB) concept paper on March 16.</p>
<p style="text-align:justify">The central bank has urged the banks to send suggestions while making public its own concept on only increasing interest rate twice a year in loans and informing debtors at least 45 days in advance if there is a need to increase the interest rate of loan of more than one year of loan period, and increasing interest rate of short period or that of renewable loans by informing a month earlier.</p>
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<p style="text-align:justify">The banks put forth this demand with the central bank after they were asked for suggestions regarding the provision on interest rate fixation and review through a Nepal Rastra Bank (NRB) concept paper on March 16.</p>
<p style="text-align:justify">The central bank has urged the banks to send suggestions while making public its own concept on only increasing interest rate twice a year in loans and informing debtors at least 45 days in advance if there is a need to increase the interest rate of loan of more than one year of loan period, and increasing interest rate of short period or that of renewable loans by informing a month earlier.</p>
<p style="text-align:justify">The NRB concept includes banks should inform the clients on various kinds of fees, annual and periodic interest rates as well as the method and basis of calculation of interest rate.</p>
<p style="text-align:justify">The banks’ suggestions were sent through the Nepal Bankers Association (NBA), said Association Vice Chairman and Nepal Bangladesh Bank Chief Executive Officer Gyanendra Dhungana. The association has 28 banks associated with it. Other suggestions by the Association are right to increase interest rate when desired saying that only 30 days’ notice was enough for increasing interest rates.</p>
<p style="text-align:justify"> Likewise, the 55 development banks of the Development Bankers Association (DBA) have also suggested two month deadline for increasing or reducing interest rate as per the market status, said Association Chairman and Kailash Development Bank CEO Krishna Raj Lamichhane. He said they should not be forced to specify interest rate ceiling in an open economy.</p>
<p style="text-align:justify">Likewise, the 33 finance companies of ‘C’ class have also agreed to the suggestions by the Nepal Bankers Association (NBA) and have not sent separate suggestions, said Finance Company Association Chairman and Goodwill Finance CEO Sarojkaji Tuladhar.</p>
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<p style="text-align:justify">The banks put forth this demand with the central bank after they were asked for suggestions regarding the provision on interest rate fixation and review through a Nepal Rastra Bank (NRB) concept paper on March 16.</p>
<p style="text-align:justify">The central bank has urged the banks to send suggestions while making public its own concept on only increasing interest rate twice a year in loans and informing debtors at least 45 days in advance if there is a need to increase the interest rate of loan of more than one year of loan period, and increasing interest rate of short period or that of renewable loans by informing a month earlier.</p>
<p style="text-align:justify">The NRB concept includes banks should inform the clients on various kinds of fees, annual and periodic interest rates as well as the method and basis of calculation of interest rate.</p>
<p style="text-align:justify">The banks’ suggestions were sent through the Nepal Bankers Association (NBA), said Association Vice Chairman and Nepal Bangladesh Bank Chief Executive Officer Gyanendra Dhungana. The association has 28 banks associated with it. Other suggestions by the Association are right to increase interest rate when desired saying that only 30 days’ notice was enough for increasing interest rates.</p>
<p style="text-align:justify"> Likewise, the 55 development banks of the Development Bankers Association (DBA) have also suggested two month deadline for increasing or reducing interest rate as per the market status, said Association Chairman and Kailash Development Bank CEO Krishna Raj Lamichhane. He said they should not be forced to specify interest rate ceiling in an open economy.</p>
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<p style="text-align:justify">The banks put forth this demand with the central bank after they were asked for suggestions regarding the provision on interest rate fixation and review through a Nepal Rastra Bank (NRB) concept paper on March 16.</p>
<p style="text-align:justify">The central bank has urged the banks to send suggestions while making public its own concept on only increasing interest rate twice a year in loans and informing debtors at least 45 days in advance if there is a need to increase the interest rate of loan of more than one year of loan period, and increasing interest rate of short period or that of renewable loans by informing a month earlier.</p>
<p style="text-align:justify">The NRB concept includes banks should inform the clients on various kinds of fees, annual and periodic interest rates as well as the method and basis of calculation of interest rate.</p>
<p style="text-align:justify">The banks’ suggestions were sent through the Nepal Bankers Association (NBA), said Association Vice Chairman and Nepal Bangladesh Bank Chief Executive Officer Gyanendra Dhungana. The association has 28 banks associated with it. Other suggestions by the Association are right to increase interest rate when desired saying that only 30 days’ notice was enough for increasing interest rates.</p>
<p style="text-align:justify"> Likewise, the 55 development banks of the Development Bankers Association (DBA) have also suggested two month deadline for increasing or reducing interest rate as per the market status, said Association Chairman and Kailash Development Bank CEO Krishna Raj Lamichhane. He said they should not be forced to specify interest rate ceiling in an open economy.</p>
<p style="text-align:justify">Likewise, the 33 finance companies of ‘C’ class have also agreed to the suggestions by the Nepal Bankers Association (NBA) and have not sent separate suggestions, said Finance Company Association Chairman and Goodwill Finance CEO Sarojkaji Tuladhar.</p>
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<p style="text-align:justify">The banks put forth this demand with the central bank after they were asked for suggestions regarding the provision on interest rate fixation and review through a Nepal Rastra Bank (NRB) concept paper on March 16.</p>
<p style="text-align:justify">The central bank has urged the banks to send suggestions while making public its own concept on only increasing interest rate twice a year in loans and informing debtors at least 45 days in advance if there is a need to increase the interest rate of loan of more than one year of loan period, and increasing interest rate of short period or that of renewable loans by informing a month earlier.</p>
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<p style="text-align:justify"> Likewise, the 55 development banks of the Development Bankers Association (DBA) have also suggested two month deadline for increasing or reducing interest rate as per the market status, said Association Chairman and Kailash Development Bank CEO Krishna Raj Lamichhane. He said they should not be forced to specify interest rate ceiling in an open economy.</p>
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<p style="text-align:justify">The banks put forth this demand with the central bank after they were asked for suggestions regarding the provision on interest rate fixation and review through a Nepal Rastra Bank (NRB) concept paper on March 16.</p>
<p style="text-align:justify">The central bank has urged the banks to send suggestions while making public its own concept on only increasing interest rate twice a year in loans and informing debtors at least 45 days in advance if there is a need to increase the interest rate of loan of more than one year of loan period, and increasing interest rate of short period or that of renewable loans by informing a month earlier.</p>
<p style="text-align:justify">The NRB concept includes banks should inform the clients on various kinds of fees, annual and periodic interest rates as well as the method and basis of calculation of interest rate.</p>
<p style="text-align:justify">The banks’ suggestions were sent through the Nepal Bankers Association (NBA), said Association Vice Chairman and Nepal Bangladesh Bank Chief Executive Officer Gyanendra Dhungana. The association has 28 banks associated with it. Other suggestions by the Association are right to increase interest rate when desired saying that only 30 days’ notice was enough for increasing interest rates.</p>
<p style="text-align:justify"> Likewise, the 55 development banks of the Development Bankers Association (DBA) have also suggested two month deadline for increasing or reducing interest rate as per the market status, said Association Chairman and Kailash Development Bank CEO Krishna Raj Lamichhane. He said they should not be forced to specify interest rate ceiling in an open economy.</p>
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