Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Banks face daily fines from June on CBK rate purge
The Governor of the Central Bank of Kenya (CBK) Dr Kamau Thugge when he appeared before the Finance and National Planning Committee chaired by Kuria Kimani at the Bunge Tower in Nairobi on March 25, 2025.
The Central Bank of Kenya (CBK) will from next June slap daily fines on banks that denied borrowers lower interest chargers despite successive cuts on its indicative lending rate.
The apex bank embarked on the physical inspections in February to ascertain those that had complied with a directive to lower charges on loans in line with its approved risk-based credit pricing model.
