FNCCI calls for reducing interest on loans

KATHMANDU: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has stressed the need for the Nepal Rastra Bank to use all means to reduce interest on loans. A delegation of FNCCI including newly elected office bearers led by its President Chandra Prasad Dhakal put forward a proposal to NRB Governor Maha Prasad Adhikari, on Wednesday. There is a need for the central bank to seek ways to deal with problems in Nepali Economy owing to low demand and high inflation, FNCCI President Dhakal suggested. He opined that Dhakal said that many people have not been able to pay back principal or interest on loans due to difficulties being faced by the private sector and demanded the facility of restructuring and re-tabulation until July 16 reasoning that bad loans could increase in banks. NRB Governor Adhikari assured of taking suggestions from the private sector positively and implementing them. He said the suggestions from the FNCCI will be included in the third-quarter review of the monetary policy and the budget. By RSS READ ALSO:

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