Increased liquidity in banks, 6 trillion deposits and invested only Rs 19 billion

Sep Thu 2020 04:28:30

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Increased liquidity in banks, 6 trillion deposits and invested only  Rs 19 billion

Kathmandu. Banks have invested Rs 19 billion during the recent lock-down time.

According to the Nepal Bankers Association, the banks have invested Rs. 28.78 trillion in loans till the end of July, but the investment has increased to Rs. Loans of banks, which declined in August, have started to improve since August.

As of July, the banks had invested Rs 29.3 billion, but in the second week of July, it had dropped to Rs 28.66 billion. After that, the debt has started to increase gradually, the association said. Banks' loans have increased by Rs 5 billion in the last one week.

As liquidity in banks has increased, banks have been investing by lowering interest rates in recent times.

Along with loans, bank deposits have also increased. At the end of July, the banks had 33.62 billion rupees in deposits, but in the first week of July, it had dropped to 33.44 billion rupees. After that, it has increased again and reached Rs. 33.83 trillion as of September. The association has informed that 6 trillion deposits have been added in the banks in last week.