Nabil, Prabhu Lead Deposit Rates as Average Bank Interest Rates Decline in Bhadra
Summary
Nabil Bank and Prabhu Bank are offering the highest individual deposit interest rate at 4.55% as average deposit rates across Nepal’s commercial banks decline further in Bhadra. The drop reflects excess liquidity in the banking system and weak credit demand.
Key Points
- The average maximum interest rate on individual deposits fell to 4.136% in Bhadra from 4.1675% in Shrawan.
- The average institutional deposit rate also declined to 3.081% from 3.116% last month.
- Five commercial banks cut deposit rates, with Siddhartha Bank making the largest reduction.
- Nabil Bank and Prabhu Bank continue to offer the highest individual deposit rate at 4.55%.
