Federation of Nepal National Business, an organization of wholesale and retail businessmen, has protested against banks’ high interest rates. At the meeting held on Friday, the federation announced the protest.
Federation president, Kumar Karki said that the protest against banks and financial institutions will be held from Monday. He also said that due to high interest rates of banks, blacklisting and securities auctions, businessmen are discouraged.
He also said that the government's policy towards middle-class industrialists is not business-friendly.
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