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Kathmandu, Feb 20: The Nepal Bankers' Association (NBA) has expressed gratitude to stakeholders for their role in establishing the banking sector as the strongest and best in South Asia, serving as the backbone of the country's economy. Despite recent disruptions and misleading information on social networks, the association reassured the
President of Nepal Bankers Association, the umbrella organization of Nepalese private sector commercial banks, Sunil KC has responded that the
Commercial banks, development banks and finance companies have reduced the interest rates with effective from Wednesday.
The Confederation of Nepalese Industries (CNI) has welcomed the decision of Nepal Bankers’ Association to reduce the interest rate.
Commercial banks are reducing the interest rate for the month of Magh (from January 15- February 12).
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