Despite the paucity of liquidity, banks have continued to offer credit, with a weekly increase of Rs 6 billion

Despite the paucity of liquidity, banks have continued to offer credit, with a weekly increase of Rs 6 billion

By Karuna Thapa

Kathmandu, February 28

There was no notable improvement in deposit collection in the banking industry even in the second week of February. According to the Nepal Bankers Association’s most recent report, 27 commercial banks were able to raise a total of Rs 4.313 trillion by increasing deposits by Rs 1 billion. From February 12 to February 18, banks have collected Rs 4.312 trillion.

Banks that were only able to raise deposit collection by Rs 1 billion in a week, on the other hand, increased loan investments by Rs 6 billion in the same time period. Between February 12 and February 18, the 27 commercial banks invested Rs 41.59 trillion, an increase of Rs 4 billion.

They invested a total of Rs 41.65 trillion in loans last week, up by Rs 6 billion, from February 18 to February 25.

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