Chamber chair Mr. Rajendra Malla proposes interest lock-up system to promote business environment in Nepal

Chairman of Nepal Chamber of Commerce Mr. Rajendra Malla has claimed that the banks and the market regulator should come together to enforce a lock-up system in the lending rate wherein the business community can borrow the fund at a fixed interest rate which won’t be changed on a frequent basis.

Addressing the fest organized by the Dolkha Chamber of Commerce, chairman Mr. Malla has expressed that the banks’ tendency to charge a hefty premium on the base rate has also put the business community in pain, as per the media statement.