Deposits continuous declined in commercial banks of Nepal

Aug Tue 2022 01:50:20

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Deposits continuous declined  in commercial banks of Nepal

Kathmandu. Deposits in commercial banks continue to decline. Contrary to the general expectation that deposits will increase in the new financial year, the trend of decline has continued for three weeks. According to the data released by the Nepal Bankers Association, deposits decreased by 28 billion rupees last week and decreased by 4 billion rupees this week. However, in the meantime, the loans provided by the banks have increased by 2 billion rupees compared to the previous week.

According to the data of Nepal Bankers Association, there were 44 trillion 50 billion rupees deposits in commercial banks till 13th July. By the third week, i.e. on 20th of July, the deposit decreased by 4 billion rupees to 44 trillion 46 billion rupees.

Similarly, during this period, the lending of commercial banks has also increased. By July 13th, commercial banks had provided loans of 41 trillion 64 billion rupees. According to the data of the Bankers Association, the loan flow increased by two billion rupees to reach 41 trillion 66 billion rupees by 20th July.