Banks determine their lending interest rates based on the cost of borrowing, non-fund operating costs, margin for default risk, and desired profit margin.
A High Court bench refuses to hold hearing on a writ petition that challenged the legality of Bangladesh Bank's decision which instructed the scheduled banks to set a maximum nine percent interest rate on all loans except credit cards.
Banks determine their lending interest rates based on the cost of borrowing, non-fund operating costs, margin for default risk, and desired profit margin.
A High Court bench refuses to hold hearing on a writ petition that challenged the legality of Bangladesh Bank's decision which instructed the scheduled banks to set a maximum nine percent interest rate on all loans except credit cards.
