Cause interest rate is inversely proportional to direction of movement of market.
View on r/NepalStock by -No-One-Nepal
Highlights:
- GBLBS Reports Net Profit of Rs. 5.9 Crores in Q3 of FY 2079/2080 with Decreased Net Interest Income and Non-Performing Loans
- For the month of Baishakh, the NBA has decided to reduce interest rates to single digits.
- Development banks have decided to lower the interest rate on fixed deposits
- Decrease in Interbank Interest Rate Indicates Heightened Liquidity in Nepal’s Banking System
- Top 5 Ways to Earn Money for Students
Baishak ma I think 1% le gat cha but after that I think we won’t go below for next 3 to 6 months
No NBA reduced the threshold from BR + 6% to BR +5%. Nobody is charged(BR=10% Assumption) 16 interest except maybe some DSB customers so no change