No tax rise like vegetable price: Governor

KATHMANDU – Governor of the Nepal Rastra Bank ( NRB), Dr. Yubaraj Khatiwada has stressed on the need for the banks and financial institutions to be free from the tendency of increasing loan interest rates month by month.


At a discussion programme here today with officials of banks and financial institutions on monetary policy of the current fiscal year made public by the NRB on Sunday, he said the bank interest rate should not be increased like the price of vegetables.


At the programme organized by the Independent Business News (IBN), he urged the banks and financial institutions to correct while stating that they have been taking high interest rates in loans and giving low interest in deposits.


He told bankers who oppose his monetary policy,