61 percent Nepalis have bank accounts

Published On: October 17, 2019 09:22 AM NPT By: Republica  | @RepublicaNepal


61 percent Nepalis have bank accounts
Photo: Republica/Files

KATHMANDU, Oct 17: At least 61% of Nepali citizens have bank accounts, according to a financial report recently released by Nepal Rastra Bank, the central bank of Nepal.

According to the report, financial reach is rapidly increasing in Nepal. Bank and financial institutions are establishing new branches in rural areas, and the people's access to new technology has increased, according to the report. The number of mobile banking users is 8,347,000, while those using internet banking has reached 900,000, the report said. 

There is increase in the number of deposit and loan accounts in different banks and financial institutions, according to the report.

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