Commercial banks collected additional deposits of Rs 141 billion in last month of FY 2021/22

Published On: July 20, 2022 05:36 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, July 20: Commercial banks got some respite from the pressure of liquidity crunch in the last month of the last fiscal year as they gathered additional deposits worth Rs 141 billion in their system compared to a drop in loans issuance in one month of mid-June and mid-July.

According to Nepal Bankers’ Association, the deposits collection with banks increased from Rs 4.40 trillion to Rs 4.541 trillion in the last month of the last fiscal year. Likewise, the loans issuance of the banks declined by Rs 18 billion last month compared to the previous month.

The association’s records show that the banks had issued loans of Rs 4.193 trillion by mid-June, which came down to Rs 4.175 trillion by mid-July. 


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