With the Reduction of Interest Rates, the Share Price of Banks Increased, How Much?
Kathmandu: Commercial banks have announced new interest rates to be effective from 1st October today. According to the new interest rate announced by the banks, most of the banks have reduced the interest rate.
For a long time, the attraction of investors in the shares of banks is low and the share price is also not encouraging, but due to the information about the interest rates of the banks, the secondary market has started to look cheerful about it. On the third trading day of the week, the commercial bank sub-index increased by 1.10 percent, and the share prices of all 19 commercial banks also increased.
The share price of three commercial banks is above 500 rupees. NIC Asia Bank’s share price is Rs.517.20, while Nabil Bank’s share price has remained at Rs.572.10. Similarly, the share price of Standard Chartered Bank is Rs.516.20 rupees, while the share price of Everest Bank remains at Rs.459 rupees.
The share price of 6 commercial banks is less than 200 rupees. The share price of Kumari Bank is Rs.155.70, Prabhu Bank Rs.156.90, Nepal Investment Rs.175, Citizens Bank Rs.177, Prime Commercial Bank Rs.180 and Lakshmi Sunrise Bank Rs.181.
On Tuesday, Citizens Bank’s share price increased the most by 2.91 percent. Similarly, share prices of Nepal Bank, Sanima Bank, Global IME Bank and Machhapuchhare increased by 2.48, 2.12, 1.66 and 1.47 percent respectively. Nepal SBI Bank has the lowest increase of 0.33 percent.