Standard Chartered Bank cheapest, Agriculture Development Bank most expensive according to base rate of commercial banks

The commercial banks have published the base rate for the first time, after the central bank had asked them to calculate the base rate — as reference rate — for lending on the basis of five indicators; cost of fund, Cash Reserve Ratio, Statutory Liquidity Ratio, operational cost, and Return on Assets, to make the interest rate regime transparent for borrowers.

The base rate is expected to ensure the stability of the monetary market in the current volatile situation as interest rates are fluctuating and could hit the sustainability and long-term stability of the financial system, according to the central bank.

Though Nepal Ratra Bank had asked the banks to implement the base rate before Tihar, bankers wanted some more time for calculation and study on its sustainability and started from mid-January. 

Banks — Base rate
Standard Chartered Bank Nepal — 6.80 per cent
Rastriya Banijya Bank — 6.81 per cent
Everest Bank — 7.04 per cent

Nabil Bank — 7.26 per cent
Nepal Investment Bank — 7.8 per cent
Himalayan Bank — 8.23 per cent

Bank of Kathmandu — 8.29 per cent

Nepal SBI Bank — 8.76 per cent

Citizens Bank International — 8.92 per cent
Nepal Bank — 9.19

NB Bank — 9.26 per cent

NMB Bank — 9.32 per cent

Sunrise Bank — 9.5 per cent

Global IME Bank — 9.58 per cent
NIC Bank — 9.58 per cent
Laxmi Bank — 9.65 per cent
Mega Bank — 8.75 per cent

Bank of Asia Nepal — 9.79 per cent

NCC Bank — 9.81 per cent
Kumari Bank — 9.92 per cent
Lumbini Bank — 9.94 per cent
Commerz and Trust Bank — 10.14 per cent
Prime Commercial Bank — 10.19 per cent
Kist Bank — 10.26 per cent
Janata Bank Nepal — 10.29 per cent

Siddhartha Bank — 10.30 per cent

Machhapuchchhre Bank — 10.34 per cent

Sanima Bank — 10.36 per cent

Grand Bank — 10.53 per cent
Civil Bank — 10.91 per cent
Century Commercial Bank — 11.07 per cent

Agriculture Development Bank — 12.35 per cent