Bankers asked to regulate interest rate

KATHMANDU: Prime Minister KP Sharma Oli asked banks not to impose interest rate arbitrarily in a meeting with FNCCI delegation today.
The PM also urged the investors to investment on productive sectors to contribute to national economy. He suggested that agriculture sector should  be encouraged. The meeting was also attended by Finance Minister, Dr Yuba Raj Khatiwada and Nepal Rastra Bank Governor, Dr Chiranjivi Nepal. The entrepreneurs had  expressed their concern regarding investment climate. It is not good that banks float loan on one condition and impose interest arbitrarily,” the PM said, adding that government was always ready to solve the problems facing industrialists and entrepreneurs.