Lending rate revision rule

KATHMANDU: Nepal Rastra Bank is all set to amend the circular that allowed BFIs to revise their lending rates only in quarterly basis.

Narayan Prasad Poudel, executive director of Nepal Rastra Bank, said that the BFIs would not have to wait for the quarter-end to revise the lending rates after the new circular is issued.

He said that the lending rates will go down after the central bank amends the earlier circular, which was issued in April 2017.