Nepal, Feb. 25 -- Despite the multiple attempts made by Nepal Rastra Bank (NRB) to prevent interest rates from massive decline, banks and financial institutions (BFIs) have been reducing their base rates, citing the excessive liquidity with them.

Although the BFIs are expected to get respite with an increase in demand for their loans with the approaching general election, they have been struggling to increase their businesses at present, show the records with the NRB.

There was an increase in the country's foreign trade, with export and import volume surged by Rs 170 billion and Rs 184 billion, respectively, over the past one month. According to the NRB, the BFIs have been focusing more on issuing consumption-related loans than producti...