Kathmandu. The 27 operating commercial banks have collected Rs 39.80 billion in deposits and disbursed Rs 94.03 billion in loans in March.

Banks have increased their deposits from Rs 37.86 billion to Rs 38.26 billion by mid-February, an increase of 1.05 percent.

Similarly, the banks that disbursed loans of Rs 3317.47 billion in mid-January increased by 2.83 percent to Rs 3411.50 billion by mid-February, according to data provided by the Nepal Bankers Association.

Sanima Bank has made the best progress in terms of deposit collection and Standard Chartered Bank has made the best progress in terms of credit flow in March.

Sanima Bank has increased its deposit collection by 5.91 percent in February compared to January, while Standard Chartered Bank has increased its credit flow by 5.86 percent in the same period.

In the same period, Century Bank was the second to increase deposits and Civil Bank was the second to increase credit. In March, Century Bank added 4.82 percent deposits and Civil Bank added 5.50 percent.

Compared to January, 10 commercial banks have increased their deposits from 1 percent to about 6 percent in March.

In addition, deposits of nine banks have increased below 1 percent. However, nine commercial banks have reduced their deposit mobilization by 0.13 percent to 2.31 percent during the same period.

During the review period, loans of 25 banks increased from above 1 percent to about 6 percent and from 2 banks to less than 1 percent.