Is this decrease in Interest rates done so that the NPL does not rise by a huge amount?
I mean, a person taking a loan has to pay less interest, and thus the cost of converting that loan to a NPL is less.
Or is there a specific reason?Like, who would keep an FD at 7-8%?
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Highlights:
- Nepali Banks’ Interest Rate Review: Baisakh 2081 Update
- Nepal’s Commercial Banks Reduce Base Interest Rates to 7.92%
- For the month of Baishakh, the NBA has decided to reduce interest rates to single digits.
- Commercial Bank Fixed Deposit Interest Rates Remain Unchanged
- The NEPSE Index increased by an incredible amount due to the decline in interest rates. 92.22 out of 100