Stories Tagged 'Federation of nepalese chambers of commerce and industry'
Nepal’s private sector has long been complaining that the high interest rates charged by banks had increased their production costs. Banks have been reluctant to revise interest rates citing a shortage of loanable funds.
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The Federation of Nepalese Chambers of Commerce and Industry has decided to back down from its demand for lower interest rates.
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The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) on Tuesday urged the Nepal Rastra Bank (NRB) to address the soaring interest rate on loans issued to the commercial sector by the banks.
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