Nepal Chamber of Commerce once again aware Rastra Bank about damaging effects of growing lending rates of banks

Nepal Chamber of Commerce has released yet another statement to urge the central bank to restrain the growth rate of bank lending claiming that the hike in interest has had a massive negative impact on the industrial and commercial sectors of the nation.

The chamber has demanded that the central bank looks over the unscientific spread rate and base rates of the banks, the random service charges, and other hidden charges of these banks while issuing loans. It has also urged the central bank to allow these banks to cap 2% maximum premium while floating loans, to stabilize the loans provided in priority sectors of the government like hospitality and infrastructure, and so on, as per the media statement.