KATHMANDU, SEPTEMBER 12

After facing scarcity in the month of Shrawan, commercial banks witnessed an uptick in deposit collection between August 19 and September 9.

As per the latest data provided by the Nepal Bankers' Association (NBA) - the umbrella organisation of commercial banks in the country - the total deposits of commercial banks surged by over Rs 19 billion in the three-week period to reach Rs 4.445 trillion.

After slipping by Rs 7.72 billion in the week ending August 19, deposit growth picked up thereafter - by Rs 510 million in the week ending August 26, by Rs 11.30 billion in the week ending September 2 and by Rs 7.51 billion in the week ending September 9.

At the end of previous Nepali month of Shrawan, the total deposit of commercial banks had reached Rs 4.433 trillion.

The Monetary Policy for the fiscal year 2022-23 has focused on controlling credit flow by lowering credit expansion to 12 per cent compared to 19 per cent in the last financial year.

Thus, the credit flow growth was limited to just Rs 10 billion over the review period, as per NBA data.

The total loan disbursement had reached Rs 4.188 trillion in the review period against Rs 4.177 trillion till September 9. As per NRB, the average CD ratio within three weeks was 88.36 per cent.

The week-on-week analysis of the lending figures reveals that total lending had increased by Rs 1.73 billion in the week ending August 19, by Rs 1.30 billion in the week ending August 26, by Rs 1.67 billion in the week ending September 2 and by Rs 6.86 billion in the week ending September 9.

A version of this article appears in the print on September 13, 2022 of The Himalayan Times.