How ? 5 billion deposits disappeared from commercial banks of Nepal

Nov Fri 2022 01:12:08

501 views

How ? 5 billion deposits disappeared from commercial banks of Nepal

Kathmandu. In two days, deposits of 5 billion rupees have been withdrawn from commercial banks. According to the Nepal Bankers Association, deposits in banks decreased by 5 billion rupees from October 30th to November 2nd. According to the Bankers' Association, as of October 30, there were deposits of 45 trillion 63 billion rupees in banks. The deposit has reduced by 5 billion rupees to 45 trillion 58 billion rupees by the 2nd of November.

Similarly, the lending of commercial banks has also decreased during this period. By the end of October, banks had provided loans of 42 trillion 22 billion rupees. By the end of November 2nd, the loan flow has decreased by 3 billion rupees to 42 trillion 19 billion rupees, according to the statistics of the association.