KATHMANDU, Nov 12: Bankers are worried over their worsening capacity to lend due to a prolonged shortage of loanable fund in the banking system. They say that the mismatch in deposit and loan growths for a lengthy spell could dampen the current economic growth momentum.
KATHMANDU, July 21: The banking industry continued to grapple with the mismatch of assets and liabilities in the last fiscal year as lending by commercial banks expanded 20.46 percent while their total deposits grew only 16.77 percent.
KATHMANDU, June 12: Civil Bank Limited has unveiled a new saving product named 'Chandra Surya Saving Account', offering interest rate of 10 percent per year. The bank has announced that it would offer 12.22 percent interest on fixed deposit of 222 days.
KATHMANDU, March 24: Nepal Rastra Bank (NRB) has asked promoters of the proposed Nepal Infrastructure Bank to deposit 45 percent of the paid-up capital within 30 days, giving a green signal for the opening of the bank that is expected to finance mega infrastructure projects.
KATHMANDU, Dec 28: Slow deposit growth has not restrained banks from ramping up their loan disbursements, indicating that lendable funds in the banking industry will soon dry up if the situation does not reverse.
KATHMANDU, Oct 27: Commercial banks pursued aggressive lending policy in the first quarter of Fiscal Year 2017/18 even though their deposit growth in the period remained tepid, data compiled by Nepal Bankers Association (NBA) shows.
JHAPA, Sept 3: Newly elected peoples' representatives and local land owners, who recently sold their land to Nepal Oil Corporation (NOC) for the purpose of fuel storage, have asked the government and lawmakers to deposit the hefty amount of commission collected in course of land transaction in the state coffers.
KATHMANDU, July 19: Depositors will now have to show their identification card if they are depositing cash in others' bank account. Bank and financial institutions (BFIs) may not accept cash if depositors fail to show identification documents.
KATHMANDU, July 11: The central bank's decision to reduce the share of institutional deposits to 45 percent of total deposits has dealt a serious blow to commercial banks which are already facing shortage of lendable funds.
KATHMANDU, June 1: Lower than expected growth in deposits over the past two weeks has shattered hopes of bankers who were expecting that the local level polls and surge in capital expenditure at the end of the fiscal year would pump more money into the banking sector that is grappling with shortage of lendable funds.
The Reserve Bank of India tightened cash deposit rules on Monday, just days before the demonetisation deadline, saying individuals can bank over 5,000 rupees ($73.83) of old notes only once until December 30 if they provide a satisfactory reason.
KATHMANDU, Dec 10: People losing on value for the last three years in real terms have now something to cheer as banks and financial institutions (BFIs) are now wooing them with as high as 9 percent interest rates on various fixed deposit schemes.