KATHMANDU: The Nepal Bankers Association (NBA) has decided to discontinue the ‘interest rate cartel’. A meeting of the CEOs and representatives of 20 commercial banks held on Thursday agreed to put an end to the cartel that was being enforced under the guise of a ‘gentleman’s understanding’. Furthermore, the NBA has also decided to allow commercial … Continue reading NBA discards interest rate cartel; banks free to fix rates on their own