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Laxmi Bank News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Commercial banks earned hefty profits of Rs 67 23 billion in the first 11 months of FY 2022/23

Banks regulate interest rates after scrapping cartelization

KATHMANDU, July 16:  Banks have individually determined their interest rates following the cancellation of an interest rate cartelization scheme by the Nepal Bankers’ Association. The decision, made in the interest of fairness and transparency, has resulted in varied interest rates across banks effective from July 17th.

Safe Deposits

The RBI, the extended arm of the government, which licenses the banks, has full responsibility to ensure full protection to bank deposits. The government therefore needs to regulate fully and protect all deposits in all banks because the deposits belong to the depositing public no matter whether the bank is privately owned, governmentowned, or a cooperative

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