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.

Bankers say the NBA decided to allow the member banks to fix their interest rates by removing the cap as many banks were already violating the cap by secretly offering higher rates.

KATHMANDU, May 13: Nepal Rastra Bank (NRB) governor Dr Chiranjibi Nepal has said that the NRB was committed to ensurE the security of public deposits in Banks and financial institutions.

KATHMANDU, April 24: Nepal Bankers Association (NBA) -- the umbrella organization of 28 commercial banks -- has decided to give continuity to the cap on fixed and saving deposit rates.

KATHMANDU, March 28; Though bank executives say that they have slowed down lending in recent months due to shortage of funds, data suggests otherwise.

KATHMANDU, March 29: Though bank executives say that they have slowed down lending in recent months due to the shortage of funds, data suggests otherwise.

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, March 22: Laxmi Bank has increased the interest rate of 'Lakshit Muddati - Recurring Deposit' to 10 percent per annum.

KATHMANDU, Dec 29: Due to lack of farsightedness and aggressive lending practices among banks and financial institutions (BFIs), credit is getting very expensive for borrowers.

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, Dec 19: The total of 313 candidates to the House of Representatives and Provincial Assemblies forfeited their deposits from Kathmandu district.

MOHOTTARI, Dec 14 : A total of 180 candidates to the House of Representatives and Province Assembly forfeited their deposits in Mahottari district.

KATHMANDU, Nov 21: Special Court has demanded Rs 10 million each in bail from the chief of Tax Settlement Commission (TSC) Lumbdhwaj Mahat and member Umesh Prasad Dhakal on Tuesday.

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, Aug 7: With the rise in nominal interest rates in recent months amid shortage of lendable fund in the banking system, depositors are getting real interest rates on their saving.

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.

DAND, July 12: Of the 2,382 candidates who contested the June 28 local level elections from the district, 724 had their deposit amount seized.

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.

ILAM, July 8: As many as 452 candidates have lost their deposits in the district in the local elections held on June 28.

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.

KATHMANDU, May 10: Banks are struggling to attract deposits despite rise in demands for loans.

KATHMANDU, March 11: NIC Asia Bank has added a fixed deposit product -- Swornim Muddati Khata -- under which it is offering depositors up to 12 percent in interest annually.

KATHMANDU, Jan 21: Citizens Bank International Ltd (CBIL) has started offering a 180 days fixed deposit scheme.

The Reserve Bank of India on Wednesday rolled back a recent curb on cash deposits that had been put in place just 10 days before the end of the government's demonetization deadline of Dec. 30.

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.

Interest on deposit trumps inflation

December 10, 2016 00:00 am

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.

KATHMANDU, Dec 8: Vibor Society Development Bank has introduced a 222-day fixed deposit scheme. Issuing a statement, the bank said that customers will get 9 percent interest on 222-day fixed deposit.

TDBL introduces fixed deposit scheme

December 7, 2016 09:55 am

KATHMANDU, Dec 7: Tourism Development Bank Ltd (TDBL) has brought a new deposit scheme named ‘199-Dine Swornim Muddhati Nikchyap’ (golden fixed deposit scheme).

KATHMANDU, Oct 23: Siddhartha Bank Ltd has launched a new fixed deposit product named 'Siddhartha 180 Days Fixed Deposit', targeting individual customers.

Loan growth surpasses deposit mobilization

September 29, 2016 01:30 am

KATHMANDU, Sept 29: Commercial banks have added Rs 53 billion in deposits in the current fiscal year so far, while they extended Rs 60 billion in loans during the period.

Janata Bank launches new deposit product

September 11, 2016 20:51 pm

KATHMANDU, Sept 11: Janata Bank Nepal Ltd (JBNL) has launched a new deposit product named 'Janata Kabach'.

KATHMANDU, Sept 9: Siddhartha Bank Ltd has launched two fixed deposit accounts named 'Siddhartha Awakash Muddati Khata' and 'Siddhartha Premium Muddati Khata'.

Century launches new deposit product

September 7, 2016 21:58 pm

KATHMANDU, Sept 7: Century Commercial Bank Ltd has introduced a new deposit product under which people can open saving account with just Rs 5.

NIC ASIA launches new deposit product

September 4, 2016 22:05 pm

KATHMANDU, Sept 4: NIC Asia Bank Ltd has launched 'NIC ASIA Swabalambi Nari Bachat Khata'.

KATHMANDU, Sept 3: Loan disbursements of commercial banks surpassed deposit mobilization in the first one and half months of the current fiscal year.

KATHMANDU, Aug 20: Here is some good news for people who are fed up with ultra-low interest rates offered by bank and financial institutions (BFIs).

KATHMANDU, Aug 4: Commercial banks added a total of Rs 257 billion in loans in the first seven months of 2015/2016, while they mobilized an additional Rs 250 billion in deposits.

KATHMANDU, June 25:After a long slowdown, loan mobilization by banks is finally moving upward in recent months.