61 percent citizens have Bank accounts in Nepal

May Wed 2020 02:26:33

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61 percent citizens have Bank accounts in Nepal

As the government has promoted financial access, it has been found that about 61 percent of the people have bank accounts in banks and financial institutions. By mid-February of the current fiscal year, 746 out of the total 753 branches of commercial banks have been opened at the local level and financial access has also increased.

Now only seven local level commercial bank branches are left to open. The number of branches including banks and financial institutions and microfinance financial institutions has reached nine thousand 640. According to the Economic Survey 2076/77 presented by Finance Minister Yubaraj Khatiwada in the Federal Parliament today, a total of 162 banks and financial institutions including 27 commercial banks, 23 development banks, 22 finance companies, 89 microfinance financial institutions and one infrastructure development bank are operating till mid-February this year. .