Everest Bank Reduces Deposit Rates

Everest Bank has started cutting interest rates in response to easing out market scenario due to the recent directive from Nepal Rastra Bank. Following the slash, the bank has reduced its highest fixed deposit rate by 50 basis points. Similarly, as per NRB directives, the bank is also gradually cutting down its call deposit rates. According to the Bank, lowering the deposit rates in present context will ultimately helps entrepreneurs to avail credit at reasonable rates.