KATHMANDU, July 20: Nepal’s commercial banks earned hefty profits of over Rs 67.23 billion in the first 11 months of the last fiscal year despite a slump in the country’s economic activities.
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.
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
The EVs will be used to provide free conveyance service to senior, differently abled and needy pilgrims and visitors inside the premises of the Lumbini heritage site.
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