New interest rate of commercial banks for August announced, how much of which bank?
-
Media Baaji
- Mon, 17 August 2026
Kathmandu. The rate of interest of commercial banks has continued to decrease. This is shown by the details of the new interest rates released by the commercial banks for the month of August. Compared to July, the average interest rate for both individuals and institutions has decreased in August. For the month of August, 5 of the 20 commercial banks have reduced the interest rates of the previous month, while the remaining 15 have continued the old rates.
Siddharth Bank and Nepal Bank have reduced the interest rate the most. Siddharth Bank has reduced the interest rate by 0.29 percent for individuals and 0.20 percent for institutions. Similarly, Nepal Bank has reduced the interest rate by 0.1 percent for individuals and 0.5 percent for institutions.
Similarly, while Citizens Bank International has reduced the interest rate by 0.1 percent, Kumari Bank has reduced it by 0.09 percent and Standard Chartered Bank has reduced it by 0.05 percent. All these three banks have kept the institutional interest rate constant at the same rate as in July.
Related News
Ministry's directive to refund fees collected illegally from students
Kathmandu. The Ministry of Education, Science and Technology has directed all concerned to refund the illegally collected fees to the students. The ministry issued a statement on Wednesday and directed some institutional schools to return the amou...
Fall in gold prices, how much per tola on Friday?
Kathmandu. Today, the price of gold in the Nepali market is falling. The gold tola decreased by three thousand rupees. According to the Nepal Gold and Silver Traders Federation, gold is being traded at 3 lakh 3 thousand 500 rupees per tola today....
Fluctuations in the price of the dollar and the euro: This is the exchange rate of foreign currencies on Wednesday
Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currencies for Wednesday. According to the latest information published by the Central Bank, today the buying rate of one US dollar has remained at 152 rupees 08 pai...
Fuel prices have increased, but retail prices in Nepal remain the same
Kathmandu. Despite the increase in the price of petroleum products from the Indian Oil Corporation, the Nepal Oil Corporation has decided not to increase the retail price keeping in mind the convenience of the general public. According to the new...
Nepal's emphasis on strengthening the United Nations development system
Kathmandu. Nepal has emphasized on the need to strengthen the United Nations development system. Nepal is of the opinion that it is necessary to do so to ensure multilateralism. Lok Bahadur Thapa, Permanent Representative of Nepal to the United Na...
'Stalls' including public library closed after non-payment of rent
Kathmandu. According to the decision of the Nepal government, stalls that have not paid rent for a long time along with the Kathmandu Valley Public Library at Bhrikutimand have been closed. According to the Ministry of Women, Children, Gender and...