Interest Rates will Go Down: Governor

<br><EM>YUVARAJ KHATIWADA,</EM> Governor

March 5, 2012, 5:45 p.m. Published in Magazine Issue: Vol.: 05 No.-16 Mar. 02-2012 (Falgun 19,2068)<br>

The governor of Nepal Rastra Bank (NRB) Yuvaraj Khatiwada has requested insurance companies not to depend only on the interests earned from banks. He said that only insurance companies that are able to diversify their investment will be able increase their incomes.


“You should not think that banks provide better interest rates due to lack of liquidity,” he said at a program marking the 45th anniversary of Beema Sansthan. “The bank’s interest rates will soon come down from the two digit mark.”


Compiled and translated By Debesh Adhikari


 

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