Commercial banks collected deposits of Rs 14 billion in three weeks

KATHMANDU, March 14: Commercial banks have collected deposits worth Rs 14 billion in the past three weeks while they provided loans worth Rs 10 billion during the same period.

The records with Nepal Bankers’ Association (NBA) show that the deposit collection by banks stood at Rs 4.326 trillion as of last Friday. Similarly, the lending amount reached Rs 4.166 trillion.

Citing the liquidity crunch, banks have raised their lending rate at a double-digit percent point. Increase in deposit collection is expected to provide banks with a cushion to manage their loanable fund.  

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