Commercial Banks Revise Poush Interest Rates; GBIME, PCBL and RBBL Leads with Significant Cuts
Summary
Several commercial banks in Nepal have revised their interest rates for Poush, with 13 out of 20 banks reducing rates on individual fixed deposits, led by Global IME Bank, Prime Commercial Bank, and Rastriya Banijya Bank.
Key Points
- Commercial banks in Nepal have published new interest rates for the month of Poush showing a decline from Mangsir.
- Out of 20 commercial banks, 13 have reduced fixed deposit interest rates, while others maintained previous rates.
- Global IME Bank, Prime Commercial Bank, and Rastriya Banijya Bank led with the steepest rate cut of 0.5 percentage points.
- Citizens Bank International, Siddhartha Bank, Machhapuchchhre Bank, Nepal Investment Mega Bank, NIC Asia Bank, NMB Bank, and Himalayan Bank maintained their rates.
