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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has made it clear that banks cannot charge spread rate of more than 4.4 percent under the existing rule. However, NRB noted that some banks have been disregarding this provision and has warned them of taking action as per the existing laws.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">It has been learnt that the central bank took such decision after considering the fact that banks crossing the limit of spread rate would cause extra burden on rate of interest on loan.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Issuing a circular on Sunday (February 28), the central bank instructed all banks to adjust the excessive spread rate within the same quarter in which it has crossed the limit fixed by NRB.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The board members and CEO of the institution which crosses the spread rate limit shall be charged in accordance to the Nepal Rastra Bank Act 2058,” reads the circular.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has also instructed banks to spend a maximum of 5 percent of fund allocated under their corporate social responsibility (CSR) to promote electronic transaction.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">NRB stated that such instruction was given to the banks realizing the need to create awareness among the people and to make banking transaction technology friendly.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has made it clear that banks cannot charge spread rate of more than 4.4 percent under the existing rule. However, NRB noted that some banks have been disregarding this provision and has warned them of taking action as per the existing laws.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">It has been learnt that the central bank took such decision after considering the fact that banks crossing the limit of spread rate would cause extra burden on rate of interest on loan.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Issuing a circular on Sunday (February 28), the central bank instructed all banks to adjust the excessive spread rate within the same quarter in which it has crossed the limit fixed by NRB.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The board members and CEO of the institution which crosses the spread rate limit shall be charged in accordance to the Nepal Rastra Bank Act 2058,” reads the circular.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has also instructed banks to spend a maximum of 5 percent of fund allocated under their corporate social responsibility (CSR) to promote electronic transaction.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">NRB stated that such instruction was given to the banks realizing the need to create awareness among the people and to make banking transaction technology friendly.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has made it clear that banks cannot charge spread rate of more than 4.4 percent under the existing rule. However, NRB noted that some banks have been disregarding this provision and has warned them of taking action as per the existing laws.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">It has been learnt that the central bank took such decision after considering the fact that banks crossing the limit of spread rate would cause extra burden on rate of interest on loan.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Issuing a circular on Sunday (February 28), the central bank instructed all banks to adjust the excessive spread rate within the same quarter in which it has crossed the limit fixed by NRB.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The board members and CEO of the institution which crosses the spread rate limit shall be charged in accordance to the Nepal Rastra Bank Act 2058,” reads the circular.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has also instructed banks to spend a maximum of 5 percent of fund allocated under their corporate social responsibility (CSR) to promote electronic transaction.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">NRB stated that such instruction was given to the banks realizing the need to create awareness among the people and to make banking transaction technology friendly.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has made it clear that banks cannot charge spread rate of more than 4.4 percent under the existing rule. However, NRB noted that some banks have been disregarding this provision and has warned them of taking action as per the existing laws.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">It has been learnt that the central bank took such decision after considering the fact that banks crossing the limit of spread rate would cause extra burden on rate of interest on loan.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Issuing a circular on Sunday (February 28), the central bank instructed all banks to adjust the excessive spread rate within the same quarter in which it has crossed the limit fixed by NRB.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The board members and CEO of the institution which crosses the spread rate limit shall be charged in accordance to the Nepal Rastra Bank Act 2058,” reads the circular.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has also instructed banks to spend a maximum of 5 percent of fund allocated under their corporate social responsibility (CSR) to promote electronic transaction.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">NRB stated that such instruction was given to the banks realizing the need to create awareness among the people and to make banking transaction technology friendly.</span></span></span></span></p>
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has made it clear that banks cannot charge spread rate of more than 4.4 percent under the existing rule. However, NRB noted that some banks have been disregarding this provision and has warned them of taking action as per the existing laws.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">It has been learnt that the central bank took such decision after considering the fact that banks crossing the limit of spread rate would cause extra burden on rate of interest on loan.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Issuing a circular on Sunday (February 28), the central bank instructed all banks to adjust the excessive spread rate within the same quarter in which it has crossed the limit fixed by NRB.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The board members and CEO of the institution which crosses the spread rate limit shall be charged in accordance to the Nepal Rastra Bank Act 2058,” reads the circular.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has also instructed banks to spend a maximum of 5 percent of fund allocated under their corporate social responsibility (CSR) to promote electronic transaction.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">NRB stated that such instruction was given to the banks realizing the need to create awareness among the people and to make banking transaction technology friendly.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has made it clear that banks cannot charge spread rate of more than 4.4 percent under the existing rule. However, NRB noted that some banks have been disregarding this provision and has warned them of taking action as per the existing laws.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">It has been learnt that the central bank took such decision after considering the fact that banks crossing the limit of spread rate would cause extra burden on rate of interest on loan.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Issuing a circular on Sunday (February 28), the central bank instructed all banks to adjust the excessive spread rate within the same quarter in which it has crossed the limit fixed by NRB.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The board members and CEO of the institution which crosses the spread rate limit shall be charged in accordance to the Nepal Rastra Bank Act 2058,” reads the circular.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has also instructed banks to spend a maximum of 5 percent of fund allocated under their corporate social responsibility (CSR) to promote electronic transaction.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">NRB stated that such instruction was given to the banks realizing the need to create awareness among the people and to make banking transaction technology friendly.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has made it clear that banks cannot charge spread rate of more than 4.4 percent under the existing rule. However, NRB noted that some banks have been disregarding this provision and has warned them of taking action as per the existing laws.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">It has been learnt that the central bank took such decision after considering the fact that banks crossing the limit of spread rate would cause extra burden on rate of interest on loan.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Issuing a circular on Sunday (February 28), the central bank instructed all banks to adjust the excessive spread rate within the same quarter in which it has crossed the limit fixed by NRB.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The board members and CEO of the institution which crosses the spread rate limit shall be charged in accordance to the Nepal Rastra Bank Act 2058,” reads the circular.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has also instructed banks to spend a maximum of 5 percent of fund allocated under their corporate social responsibility (CSR) to promote electronic transaction.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">NRB stated that such instruction was given to the banks realizing the need to create awareness among the people and to make banking transaction technology friendly.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has made it clear that banks cannot charge spread rate of more than 4.4 percent under the existing rule. However, NRB noted that some banks have been disregarding this provision and has warned them of taking action as per the existing laws.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">It has been learnt that the central bank took such decision after considering the fact that banks crossing the limit of spread rate would cause extra burden on rate of interest on loan.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Issuing a circular on Sunday (February 28), the central bank instructed all banks to adjust the excessive spread rate within the same quarter in which it has crossed the limit fixed by NRB.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The board members and CEO of the institution which crosses the spread rate limit shall be charged in accordance to the Nepal Rastra Bank Act 2058,” reads the circular.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has also instructed banks to spend a maximum of 5 percent of fund allocated under their corporate social responsibility (CSR) to promote electronic transaction.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">NRB stated that such instruction was given to the banks realizing the need to create awareness among the people and to make banking transaction technology friendly.</span></span></span></span></p>
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March 1: Nepal Rastra Bank has decided to take action against the banks that exceed the spread rate.
The central bank has made it clear that banks cannot charge spread rate of more than 4.4 percent under the existing rule. However, NRB noted that some banks have been disregarding this provision and has warned them of taking action as per the existing laws.
It has been learnt that the central bank took such decision after considering the fact that banks crossing the limit of spread rate would cause extra burden on rate of interest on loan.
Issuing a circular on Sunday (February 28), the central bank instructed all banks to adjust the excessive spread rate within the same quarter in which it has crossed the limit fixed by NRB.
“The board members and CEO of the institution which crosses the spread rate limit shall be charged in accordance to the Nepal Rastra Bank Act 2058,” reads the circular.
The central bank has also instructed banks to spend a maximum of 5 percent of fund allocated under their corporate social responsibility (CSR) to promote electronic transaction.
NRB stated that such instruction was given to the banks realizing the need to create awareness among the people and to make banking transaction technology friendly.
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has made it clear that banks cannot charge spread rate of more than 4.4 percent under the existing rule. However, NRB noted that some banks have been disregarding this provision and has warned them of taking action as per the existing laws.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">It has been learnt that the central bank took such decision after considering the fact that banks crossing the limit of spread rate would cause extra burden on rate of interest on loan.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Issuing a circular on Sunday (February 28), the central bank instructed all banks to adjust the excessive spread rate within the same quarter in which it has crossed the limit fixed by NRB.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The board members and CEO of the institution which crosses the spread rate limit shall be charged in accordance to the Nepal Rastra Bank Act 2058,” reads the circular.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has also instructed banks to spend a maximum of 5 percent of fund allocated under their corporate social responsibility (CSR) to promote electronic transaction.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">NRB stated that such instruction was given to the banks realizing the need to create awareness among the people and to make banking transaction technology friendly.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has made it clear that banks cannot charge spread rate of more than 4.4 percent under the existing rule. However, NRB noted that some banks have been disregarding this provision and has warned them of taking action as per the existing laws.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">It has been learnt that the central bank took such decision after considering the fact that banks crossing the limit of spread rate would cause extra burden on rate of interest on loan.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Issuing a circular on Sunday (February 28), the central bank instructed all banks to adjust the excessive spread rate within the same quarter in which it has crossed the limit fixed by NRB.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The board members and CEO of the institution which crosses the spread rate limit shall be charged in accordance to the Nepal Rastra Bank Act 2058,” reads the circular.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has also instructed banks to spend a maximum of 5 percent of fund allocated under their corporate social responsibility (CSR) to promote electronic transaction.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">NRB stated that such instruction was given to the banks realizing the need to create awareness among the people and to make banking transaction technology friendly.</span></span></span></span></p>
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View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has made it clear that banks cannot charge spread rate of more than 4.4 percent under the existing rule. However, NRB noted that some banks have been disregarding this provision and has warned them of taking action as per the existing laws.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">It has been learnt that the central bank took such decision after considering the fact that banks crossing the limit of spread rate would cause extra burden on rate of interest on loan.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Issuing a circular on Sunday (February 28), the central bank instructed all banks to adjust the excessive spread rate within the same quarter in which it has crossed the limit fixed by NRB.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The board members and CEO of the institution which crosses the spread rate limit shall be charged in accordance to the Nepal Rastra Bank Act 2058,” reads the circular.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has also instructed banks to spend a maximum of 5 percent of fund allocated under their corporate social responsibility (CSR) to promote electronic transaction.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">NRB stated that such instruction was given to the banks realizing the need to create awareness among the people and to make banking transaction technology friendly.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has made it clear that banks cannot charge spread rate of more than 4.4 percent under the existing rule. However, NRB noted that some banks have been disregarding this provision and has warned them of taking action as per the existing laws.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">It has been learnt that the central bank took such decision after considering the fact that banks crossing the limit of spread rate would cause extra burden on rate of interest on loan.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Issuing a circular on Sunday (February 28), the central bank instructed all banks to adjust the excessive spread rate within the same quarter in which it has crossed the limit fixed by NRB.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The board members and CEO of the institution which crosses the spread rate limit shall be charged in accordance to the Nepal Rastra Bank Act 2058,” reads the circular.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has also instructed banks to spend a maximum of 5 percent of fund allocated under their corporate social responsibility (CSR) to promote electronic transaction.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">NRB stated that such instruction was given to the banks realizing the need to create awareness among the people and to make banking transaction technology friendly.</span></span></span></span></p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
file not found!
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has made it clear that banks cannot charge spread rate of more than 4.4 percent under the existing rule. However, NRB noted that some banks have been disregarding this provision and has warned them of taking action as per the existing laws.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">It has been learnt that the central bank took such decision after considering the fact that banks crossing the limit of spread rate would cause extra burden on rate of interest on loan.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Issuing a circular on Sunday (February 28), the central bank instructed all banks to adjust the excessive spread rate within the same quarter in which it has crossed the limit fixed by NRB.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The board members and CEO of the institution which crosses the spread rate limit shall be charged in accordance to the Nepal Rastra Bank Act 2058,” reads the circular.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has also instructed banks to spend a maximum of 5 percent of fund allocated under their corporate social responsibility (CSR) to promote electronic transaction.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">NRB stated that such instruction was given to the banks realizing the need to create awareness among the people and to make banking transaction technology friendly.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has made it clear that banks cannot charge spread rate of more than 4.4 percent under the existing rule. However, NRB noted that some banks have been disregarding this provision and has warned them of taking action as per the existing laws.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">It has been learnt that the central bank took such decision after considering the fact that banks crossing the limit of spread rate would cause extra burden on rate of interest on loan.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Issuing a circular on Sunday (February 28), the central bank instructed all banks to adjust the excessive spread rate within the same quarter in which it has crossed the limit fixed by NRB.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The board members and CEO of the institution which crosses the spread rate limit shall be charged in accordance to the Nepal Rastra Bank Act 2058,” reads the circular.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has also instructed banks to spend a maximum of 5 percent of fund allocated under their corporate social responsibility (CSR) to promote electronic transaction.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">NRB stated that such instruction was given to the banks realizing the need to create awareness among the people and to make banking transaction technology friendly.</span></span></span></span></p>
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has made it clear that banks cannot charge spread rate of more than 4.4 percent under the existing rule. However, NRB noted that some banks have been disregarding this provision and has warned them of taking action as per the existing laws.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">It has been learnt that the central bank took such decision after considering the fact that banks crossing the limit of spread rate would cause extra burden on rate of interest on loan.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Issuing a circular on Sunday (February 28), the central bank instructed all banks to adjust the excessive spread rate within the same quarter in which it has crossed the limit fixed by NRB.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The board members and CEO of the institution which crosses the spread rate limit shall be charged in accordance to the Nepal Rastra Bank Act 2058,” reads the circular.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has also instructed banks to spend a maximum of 5 percent of fund allocated under their corporate social responsibility (CSR) to promote electronic transaction.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">NRB stated that such instruction was given to the banks realizing the need to create awareness among the people and to make banking transaction technology friendly.</span></span></span></span></p>
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'summary' => 'March 1: Nepal Rastra Bank has decided to take action against the banks that exceed the spread rate.',
'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">March 1: Nepal Rastra Bank has decided to take action against the banks that exceed the spread rate.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has made it clear that banks cannot charge spread rate of more than 4.4 percent under the existing rule. However, NRB noted that some banks have been disregarding this provision and has warned them of taking action as per the existing laws.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">It has been learnt that the central bank took such decision after considering the fact that banks crossing the limit of spread rate would cause extra burden on rate of interest on loan.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Issuing a circular on Sunday (February 28), the central bank instructed all banks to adjust the excessive spread rate within the same quarter in which it has crossed the limit fixed by NRB.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The board members and CEO of the institution which crosses the spread rate limit shall be charged in accordance to the Nepal Rastra Bank Act 2058,” reads the circular.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The central bank has also instructed banks to spend a maximum of 5 percent of fund allocated under their corporate social responsibility (CSR) to promote electronic transaction.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">NRB stated that such instruction was given to the banks realizing the need to create awareness among the people and to make banking transaction technology friendly.</span></span></span></span></p>
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