Commercial Banks in Nepal Adjust Interest Rates for Baisakh 2083

Most commercial banks in Nepal have reduced interest rates for Baisakh 2083, while several maintained stability and only one bank increased its rates.

Commercial banks across Nepal have revised their interest rates for the month of Baisakh 2083, with a clear trend showing either reductions or stability in rates. According to the latest published rate schedules, most banks have opted to lower their deposit rates, while a few have kept them unchanged and only one bank has increased its rates.

Out of the total commercial banks, 10 banks have maintained stable interest rates, while 9 banks have reduced their rates. Meanwhile, only one bank has increased its interest rates, indicating a largely downward trend in the banking sector.

Banks with Decreasing Interest Rates

Several banks have reduced their interest rates for both individual and institutional deposits.

Commercial Bank	Individual Rate Change	Institutional Rate Change
Himalayan Bank	-0.50	-0.25
Citizens Bank	-0.35	0
Siddhartha Bank	-0.25	-0.25
NIC Asia Bank	-0.25	-0.25
Rastriya Banijya Bank	-0.25	0
Everest Bank	-0.20	0
Kumari Bank	-0.07	0
Standard Chartered Bank	-0.01	0
Nabil Bank	0	-0.54

Among these, Himalayan Bank recorded the highest reduction in individual deposit rates by 0.50 percentage points, while Nabil Bank significantly reduced institutional rates by 0.54 percentage points.

Bank with Increasing Interest Rates

Only one bank has increased its interest rates for this period:

Commercial Bank	Category	Change
Agricultural Development Bank	Institutional	+0.03

Agricultural Development Bank raised its rates slightly by 0.03 percentage points, making it the only bank to move upward this month.

Banks with Stable Interest Rates

The following banks have maintained the same interest rates as the previous month:

Prime Commercial Bank
Nepal Bank
Global IME Bank
Machhapuchhre Bank
Nepal SBI Bank
Laxmi Sunrise Bank
Sanima Bank
Nepal Investment Mega Bank
Prabhu Bank
NMB Bank

These banks showed no changes in both individual and institutional deposit rates.

Key Insights

Highest Interest Rate: NMB Bank continues to offer the highest individual deposit rate at 5%
Biggest Drop: Himalayan Bank saw the largest decrease in individual rates
Overall Trend: The market trend for Baisakh 2083 is mostly declining or stable, with very few increases

The latest interest rate revisions indicate a cautious approach by commercial banks in Nepal, with most opting to reduce or maintain their rates rather than increase them. This trend reflects current market conditions and could impact savings behavior and investment decisions among depositors in the coming months.