Commercial Banks Continue Interest Rate Reduction Trend in Bhadra
Summary
Commercial banks in Nepal have continued lowering deposit interest rates in Bhadra, with five banks cutting rates and none increasing them. Nabil and Prabhu Bank now offer the highest individual term deposit rate at 4.55 percent, while several banks share the lowest institutional rate at 2.75 percent.
Key Points
- Average interest rates for both individual and institutional customers fell in Bhadra compared with Shrawan.
- Siddhartha Bank and Nepal Bank made the largest cuts, while five banks reduced rates in total and 15 kept rates unchanged.
- Nabil Bank and Prabhu Bank offer the highest individual term deposit rate at 4.55 percent.
- Several banks, including Prabhu, Krishi Bikash, Nepal SBI, Prime Commercial, Global IME and Standard Chartered Bank, set the lowest institutional rate at 2.75 percent.
