"Red signal" in deposit collection of commercial banks of Nepal

Jul Tue 2022 01:10:13

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"Red signal" in deposit collection of commercial banks of Nepal

Kathmandu. The beginning of the first month of the current financial year has been bad for commercial banks. In the first 6 days of this year, a 'red signal' has been seen in the deposit collection of commercial banks. According to the data of Nepal Bankers Association, there were 45 trillion 41 billion rupees in commercial banks till June 32. In the first 6 days of the current financial year, deposits have reduced by 63.44 trillion 78 billion rupees.

In June, the last month of the financial year 2078/079, there was a significant increase in deposits in commercial banks. In the month of June, one trillion 41 billion rupees of deposits were added in commercial banks.

Similarly, in the first 6 days of the current financial year, the credit flow of commercial banks has also decreased. Until June 32, commercial banks had provided loans of 41 trillion 75 billion rupees. The loan flow decreased by 10 billion to 41 trillion 65 billion rupees as of July 6.