Today, we have the list of base rates of commercial banks in Nepal. Base rate of a bank is the minimum rate that a bank charges its customers. The banks usually add a certain premium to the base rate to determine the interest rate depending on the type of loan the customer is taking.
The base rate of commercial banks includes all cost of funds, cost of liquidity (CRR and SLR), and cost of operation as defined by Nepal Rastra Bank. If a bank has a lower return on government securities than the deposit collection rate, then the bank can add the shortfall in their base rate. The different base rates of commercial banks in Nepal is what makes the interest rate different in different banks.
So, here we have a list of the latest base rates of commercial banks in Nepal.
Base rates of commercial banks in Nepal
| S.No. | Commercial Bank | Base Rate as of Ashad end 2077 | Base Rate on Ashad end 2076 | % change since last year |
| 1. | Kumari Bank Limited | 10.08% | 10.82% | -6.84 |
| 2. | Civil Bank Limited | 9.84% | 11.11% | -11.43 |
| 3. | Century Commercial Bank Limited | 9.38% | 11.29% | -16.92 |
| 4. | Agricultural Development Bank Limited | 9.26% | 10.58% | -12.48 |
| 5. | Nepal SBI Bank Limited | 9.25% | 9.73% | -4.93 |
| 6. | Laxmi Bank Limited | 9.23% | 10.26% | -10.04 |
| 7. | Machhapuchchhre Bank Limited | 9.21% | 10.37% | -11.19 |
| 8. | Citizens Bank International Limited | 9.04% | 10.52% | -14.07 |
| 9. | Nepal Credit and Commerce Bank Limited | 9.03% | 10.23% | -11.73 |
| 10. | Siddhartha Bank Limited | 9.03% | 10.57% | -14.57 |
| 11. | Sunrise Bank Limited | 8.95% | 10.32% | -13.28 |
| 12. | NMB Bank Limited | 8.95% | 9.86% | -9.23 |
| 13. | Bank of Kathmandu Limited | 8.71% | 9.98% | -12.73 |
| 14. | Nepal Bangladesh Bank Limited | 8.62% | 10.2% | -15.49 |
| 15. | Sanima Bank Limited | 8.62% | 9.45% | -8.78 |
| 16. | Prime Commercial Bank Limited | 8.62% | 10.03% | -14.06 |
| 17. | Global IME Bank Limited | 8.42% | 9.54% | -11.74 |
| 18. | Himalayan Bank Limited | 8.38% | 9.05% | -7.40 |
| 19. | Mega Bank Nepal Limited | 8.32% | 9.98% | -16.63 |
| 20. | Prabhu Bank Limited | 8.32% | 9.36% | -11.11 |
| 21. | Everest Bank Limited | 8.05% | 8.12% | -0.86 |
| 22. | NIC Asia Bank Limited | 7.7% | 9.48% | -18.78 |
| 23. | Nepal Investment Bank Limited | 7.51% | 8.33% | -9.84 |
| 24. | Nabil Bank Limited | 7.32% | 8.09% | -9.52 |
| 25. | Standard Chartered Bank Nepal Limited | 7% | 7.63% | -8.26 |
| 26. | Nepal Bank Limited | 6.99% | 7.98% | -12.41 |
| 27. | Rastriya Banijya Bank | 5.8% | 5.5% | 5.45 |
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How does the base rate affect the deposits and loans?
You now have access to the base rates of commercial banks of Nepal. What we can derive from the base rates is that lower the base rate, lower the interest on loans. However, base rates also affect the interest on the deposit. In this case, if the bank has a lower base rate, then you will also get lower interest rates on your deposits and saving on the bank.
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