NRB fixes minimum lending rate, lending rates commercial bank 2012 nepal

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Posted On: 2012-09-20

NRB fixes minimum lending rate

The central bank has asked banks to fix their minimum lending rate for commercial purpose based on their cost of fund to become cost effective and competent.

“The banks could have their own base rates but that has to be calculated on the basis of Nepal Rastra Bank prescribed modality,” said central bank governor Yubraj Khatiwada.

Currently the banks fix the lending rates calculating various components like cost of fund, CRR and cost of operation on their own, as the central bank does not directly dictate the interest rate.

“It will be a normal indicative rate for commercial purpose based on their cost of fund,” informed governor Khatiwada.

source: The Himalayan Times,19 Sept 2012