NBA Submits Proposal Requesting Rate Flexibility and Adjusted Lending Limits for Poor Sectors
Summary
The Nepal Bankers’ Association has submitted a proposal to Nepal Rastra Bank requesting more flexibility in loan interest rates and a reduction in lending targets for poor sectors.
Key Points
- The Nepal Bankers’ Association submitted a 21 point suggestion package to Nepal Rastra Bank for the monetary policy.
- Banks requested permission to adjust the extra interest charge on loans more flexibly.
- They proposed lowering the investment requirement in poor sectors from 5% to 4%.
- The NBA highlighted unimplemented promised updates for bank base rate calculations.
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