BFIs break record with over Rs 5.4 trillion in deposits

Published On: April 5, 2023 05:47 PM NPT By: Republica  | @RepublicaNepal


BFIs break record with over Rs 5.4 trillion in deposits

KATHMANDU, April 5: Deposits collected by the banks and financial institutions (BFIs) in the country have crossed the Rs 5.4 trillion mark.

According to Nepal Rastra Bank (NRB), deposits collected by the BFIs had reached Rs 5.426 trillion rupees till Sunday 2nd April, 2023 which is more than ever.

On March 15, the BFIs in the country had a total deposits of Rs 5.413 trillion.

The BFIs collected deposits of Rs 5.426 trillion, while their total lending amounted to Rs 4.819 trillion.

According to the NRB, commercial banks alone have collected Rs 4.786 trillion in deposits.

During the same period, commercial banks collected Rs 4.786 trillion in deposits and disbursed Rs 4.275 trillion in loans.

With the increase in deposits in the banking system, the credit to deposit ratio (CD ratio) is 85.51 percent.

According to the central bank, the CD ratio should not exceed 90 percent. Similarly, the interbank interest rate is 7.02 percent at present.

 

 

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