Why are banks creating inconvenience by not publishing base rates?

Several commercial banks are revising their interest rates from Shrawan 1, 2074. Today, Nepal Bangladesh Bank and Siddhartha Bank have published new interest rates on loans that are being implemented from coming Shrawan. However, both the banks have failed to mention their base rates, creating inconvenience to customers. This inconvenience has come up as a trend in recent times. “Base rate”, as defined by Nepal Rastra Bank, includes all cost of funds, cost of operation, cost for maintaining minimum cash balance and return on their assets. This is the minimum rate banks have to charge to remain in profit. NRB has directed the banks to tie their lending rates up with base rates when publishing the interest rates. In line with the NRB’s guideline, commercial banks have published their lending rates with base rates included. However, the same announcements do not have base rates published. A customer should visit the website of the bank to know the current base rate. If one has to visit the website, what is the use of publishing interest rates in newspaper? One can simply see the latest interest rates from websites. Commercial Banks have to publish base rates on their websites, and should be updated on a monthly basis. For the convenience of our viewers, the base rate of Nepal Bangladesh Bank is 9.79% and of Siddhartha Bank is 8.15% as of Jestha 2074. We hope other commercial banks consider this request and publish their latest base rate when publishing their lending rates. Today's Announcements:

Siddhartha Bank Limited has published a notice regarding new interest rate effective from 1st Shrawan, 2074

Nepal Bangladesh Bank Limited has published a notice regarding new interest rate effective from 1st Shrawan, 2074

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