KATHMANDU, Sept 18: A number of banks have raised their interest rates for the months of mid-September and mid-October despite the banks being reported to have sufficient loanable funds amid slow demand for loans.
KATHMANDU, Nov 22: Twenty six commercial banks of Nepal collected deposits of Rs 16 billion in one month between mid-October and mid-November, giving some respite to the Nepali banking sector, which has been struggling to maintain their liquidity position.
KATHMANDU, Dec 17: Commercial banks issued additional loans worth Rs 360 billion in the first five months of the current fiscal year, which was more than 16 times their deposit collections over the period.
KATHMANDU, Sept 22: It has been revealed that commercial banks have collected Rs 26 billion in deposits in the last one week at a time when the financial institutions are expected to face a liquidity crunch.
KATHMANDU, June 9: The second wave of COVID pandemic has affected the credit investment of banks. Although during the onset of the second wave of the pandemic it did not seem to have much effect, the problem has started to become visible in recent days.
KATHMANDU, Oct 31: The shortage of lendable fund in bank and financial institutions (BFIs) and their competition to get hold of longer-term money has altered the composition of deposits in the banking system.
KATHMANDU, May 27: Banking institutions that are facing shortage of lendable fund are now feeling a sigh of relief with the recent rise of stock of deposits as the government expedites development expenditures at the end of the fiscal year.
KATHMANDU, March 10: Nepal Bankers Association (NBA) on Friday told its member banks to suspend their interbank transactions with NIC Asia Bank Ltd for raising interests on deposits “in breach of an informal understanding to cap the interest rates.”
KATHMANDU, Feb 22: Deposit collection of commercial banks in the first month of the third quarter has fallen, while loan disbursement is on the rise, a recent data of Nepal Bankers Association (NBA) shows.
ILAM, July 14: Ethnicity-based fringe parties, which have their stronghold in the eastern hill districts, have lost their election deposits in their own bastion after failing to secure even 10% of the votes in the elections. Such an election result was unexpected as popularity of such parties has been on the rise in the region of late.
ILAM, July 12: Ethnicity-based fringe parties, which have their stronghold in the eastern hill districts, have lost their election deposits in their own bastion after failing to secure even 10% of the votes in the elections.
KATHMANDU, April 15: Bank and financial institutions (BFIs) are seeing the exodus of depositors from saving and call deposit accounts to fixed deposits following the rise in interest rates of fixed deposits.
KATHMANDU, April 7: Banks have extended more loans than the total deposits they have mobilized in the first four months of 2017, indicating that they are still walking a tightrope between deposits and loans.
KATHMANDU, April 6: Banks have extended more loans than the total deposits they have mobilized in the first four months of 2017, indicating that they are still walking a tightrope between deposits and loans.
KATHMANDU, March 30: While banks have heaved a sigh of relief after the regulation issued the Nepal Rastra Bank (NRB) allowed them to use their funds to extend credits even without getting new deposits, the real problem of 'credit crunch' is yet to go away as their deposit base has not expanded significantly.
KATHMANDU, Jan 31: While bank and financial institutions (BFIs) are raising their fixed deposit rates rapidly to lure deposits to overcome the shortage of loan-able funds, many bankers say such move is less likely to pump money into the banking system.
KATHMANDU, Oct 24: Microfinance institutions (MFIs) have sought permission to mobilize deposit from public after their traditional source of fund is likely to dry up following the new requirement for commercial banks to extend 2 percent of their total loans to deprived sector.