KATHMANDU: The latest data from Nepal Rastra Bank (NRB) reveals a milestone as deposits in banks and financial institutions have surged beyond Rs 60 billion.

Commercial banks alone account for Rs 53 trillion 23 billion, according to the Central Bank’s data.

Other banks and financial institutions collectively hold 6 trillion 91 crore rupees.

The cumulative loan investments made by these entities have now reached approximately Rs 50 billion.

Loans are disbursed by banks and financial institutions using funds sourced from both public and institutional deposits.

The current Debt Capital Ratio of banks stands at an impressive 79.89 percent, indicating ample investable funds or liquidity.

Moreover, the inter-bank interest rate remains below 3 percent, underscoring the affordability of banks’ interest rates.

Consequently, interest rates on fixed deposits for the general public have now dropped to single digits.