Deposit collection of banks has increased by Rs. 7.5 trillion in Nepal

Jun Fri 2021 12:21:10

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Deposit collection of banks has increased by Rs. 7.5 trillion in Nepal

Kathmandu. The deposit collection of banks has increased by Rs. 7.5 trillion in one year. The deposits of 27 commercial banks have increased by Rs 7.5 trillion during the one-year period of the corona virus that has spread like a global epidemic. The first wave of corona virus caused a fire in April 2076. Commercial banks have collected significant deposits from April 2012 to June this year. Compared to April, 2076, the deposit collection till May is about 20 percent more.

According to the Nepal Bankers' Association, the deposit, which was Rs. 31.89 trillion in April 2076 BS, has reached Rs. 39.42 trillion by June 2078 BS. Along with such deposits, credit investment has also increased. Due to Corona, it has seen a significant increase in credit investment of commercial banks, despite slowing economic activity over a one-year period due to lockouts, shutdowns and sanctions. During this period, commercial banks have invested more in loans than in deposit collection.

From April 2076 BS to June 2078 BS, commercial banks have invested around Rs. Commercial banks, which had invested Rs 2.845 trillion a year ago, have increased their loan portfolio by Rs 8.4 trillion to Rs 36.42 trillion by June 2078.