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Commercial banks unable to increase deposits, credit expansion only 2 billion

Khabarhub

March 28, 2022

< 1 MIN READ

Commercial banks unable to increase deposits, credit expansion only 2 billion

KATHMANDU: Despite making various efforts to swell deposits, deposit mobilization and credit investment of commercial banks has not increased yet.

By the fourth week of March, deposit mobilization in commercial banks has increased by Rs. 2 billion and credit expansion has increased by Rs. 2 billion only.

In the third week of March (first week of Chaitra), the bank’s deposit mobilization had declined by Rs 5 billion and credit expansion by Rs 4 billion.

The bank’s deposit mobilization has declined by Rs 3 billion in the last two weeks, while credit expansion has declined by Rs 2 billion.

According to the Bankers’ Association, the deposit mobilization has increased by Rs. 2 billion to become 4.33 trillion when the credit expansion has become 4.17 trillion by increasing by 2 billion again.

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