Nepal Bankers’ Association

Banks and financial institutions (BFIs) have decided to implement the decision to reduce the interest rate.

The Confederation of Nepalese Industries (CNI) has welcomed the decision of the Nepal Bankers’ Association to reduce the interest rate.

The meeting of Nepal Bankers Association, the umbrella organization of chief executive officers of commercial banks, decided to reduce the interest rate on deposits.

The Nepal Bankers' Association, an organization of chief executive officers of commercial banks, has decided to suspend the opening of letter of credit (LC) for a week.

Commercial banks, which have been facing liquidity problems for a long time, have raised interest rates for the month of February.

Nepal Bankers' Association, the umbrella organization of the commercial banks, has said that cryptocurrency, virtual currency and the network marketing business and transactions are illegal.

Banks and financial institutions' liquidity has finally started to ease.

Finance Minister Janardan Sharma on Friday held a discussion with chief executive officers of 27 Group 'A' commercial banks on the problems facing the banks including a liquidity crunch and financial institutions and the solution needed.

The bankers have agreed to start full operations and provide all services as the prohibitory order in the valley has been eased

The Finance Ministry today held discussions with representatives of the private sector to implement the private sector related programmes that were announced in the budget for next fiscal year 2078/79