Sunday, June 8, 2025
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
Radio Live
No Result
View All Result
BBSCL logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo
Radio LIVE

More financial institutions revise lending rates

October 3, 2016
in Uncategorized
Reading Time: 1 min read
0
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

more-financial-institutions-revise-lending-ratesBhutan Development Bank, Bhutan National Bank and Royal Insurance Corporation of Bhutan reduced its lending rates with effect from October 1. The revision is following a circular issued by the Royal Monetary Authority after the introduction of the Minimum Lending Rate of 6.75 percent.

On an average interest rates for various loans provided by the Bhutan Development Bank Limited have been reduced by 1.73 percent.

For instance, for the most common loans availed- Employee Loan and Home settlement Loan- the interest rate has come down to 9.75 percent from 13 percent.

The revised lending interest rates is applicable to the new borrowers and the existing clients on fulfilling certain terms and conditions of the bank.

Bhutan National Bank, on an average reduced its lending rates by 1.75 percent.

Royal Insurance Corporation, on an average reduced lending rates by 1.15percent.

These rates will be revised on half yearly basis depending on the Minimum Lending Rate set by the Royal Monetary Authority of Bhutan.

The new interest rate policy is expected to generate more competition among the financial institutions.

 

Previous Post

Gasa Dzong renovation faces shortage of skilled masons

Next Post

Kessang Wangmo, DPT’s North Thimphu candidate

Next Post
Kessang Wangmo, DPT’s North Thimphu candidate

Kessang Wangmo, DPT’s North Thimphu candidate

Woman under detention for alleged involuntary manslaughter

Woman under detention for alleged involuntary manslaughter

Druk PNB lowers interest rates

Druk PNB lowers interest rates

Please login to join discussion

RECOMMENDED NEWS

Residents in Yenlak Thromde to pay for drinking water, Sarpang

Residents in Yenlak Thromde to pay for drinking water, Sarpang

4 years ago
1
Landowners urge property tax review following relocation to Denchi – Pema Gatshel

Landowners urge property tax review following relocation to Denchi – Pema Gatshel

2 months ago
438
MoAF to distribute chain link fencing to farmers

MoAF to distribute chain link fencing to farmers

3 years ago
1
Over 45 students join AFC Social responsibility Programme in Thimphu

Over 45 students join AFC Social responsibility Programme in Thimphu

6 months ago
527

BROWSE BY CATEGORIES

  • Accidents (14)
  • Agriculture (426)
  • Announcement (174)
  • Audience Survey Report (1)
  • Business (744)
  • Crime/Legal (367)
  • Culture (47)
  • Development (51)
  • Disaster (57)
  • Economy (278)
  • Education (413)
  • Entertainment (13)
  • Environment (61)
  • Feature (65)
  • Featured (6)
  • Festival (78)
  • GMC (14)
  • Headlines (9)
  • Health (622)
  • Legal (52)
  • Literature (9)
  • Livestock (75)
  • Media (25)
  • Other Stories (5,574)
  • Politics (419)
  • RCSC (1)
  • Recent stories (5)
  • Religion (45)
  • Sci/Tech (709)
  • Social (516)
  • Sports (449)
  • Technology (190)
  • Tourism (19)
  • Uncategorized (13,866)
  • Video (136)
  • Video Story (249)
  • Wildlife (42)

BROWSE BY TOPICS

Tender Announcement Vacancy Announcement

POPULAR NEWS

  • BPC’s investigation rules out transformer short circuit as Damchhu forest fire cause

    Viral video of Bhutanese man assaulted by locals and police in Jaigaon sparks safety concerns

    0 shares
    Share 0 Tweet 0
  • Gelephu Mindfulness City opens recruitment drive for Bhutanese professionals

    0 shares
    Share 0 Tweet 0
  • Newspaper accuses DPT candidate of political ploy

    0 shares
    Share 0 Tweet 0
  • A centenarian’s recipe to longevity

    0 shares
    Share 0 Tweet 0
  • 40 companies risk closure over failure to submit financial reports

    0 shares
    Share 0 Tweet 0
BBSCL

Bhutan Broadcasting Service (BBS) is Bhutan’s primary national broadcaster, delivering diverse news and entertainment in multiple languages, fostering cultural understanding and public knowledge.

Follow us on social media:

Recent News

  • Phuentshogling Thromde installs reverse vending machine to promote recycling
  • Fixed deposit interest to be taxed at 10% under proposed Income Tax Bill
  • Yonphula Specialised Rehabilitation School to open next month
  • RMA to roll out seven new measures for loan repayment support
  • National Housing Strategy to be ready by September

News Category

  • Accidents
  • Agriculture
  • Announcement
  • Audience Survey Report
  • Business
  • Crime/Legal
  • Culture
  • Development
  • Disaster
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Featured
  • Festival
  • GMC
  • Headlines
  • Health
  • Legal
  • Literature
  • Livestock
  • Media
  • Other Stories
  • Politics
  • RCSC
  • Recent stories
  • Religion
  • Sci/Tech
  • Social
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • Video
  • Video Story
  • Wildlife
  • Contact Us
  • About BBS
  • Privacy & Policy

© 2024 BBSCL. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.