The banking sector in a week
Kathmandu. The banking sector has commenced on a path of slow revival after the lockdown, as the prohibitory orders have been eased. The COVID-19 pandemic had taken a toll on Nepal’s economy and brought it to a standstill. Numerous businesses and industries have also started anew as the festive season is fast approaching.
According to the Nepal Bankers Association, NRs 21 billion had been deposited in the commercial banks within the last week alone. As of September 11, 2020, the amount of total deposits stood at NRs 35.16 billion.
Along with deposits, banks also have been accounting for an increase in credit investments. Last week saw as much as NRs 13 billion being added. The total amount of investments in commercial stood at NRs. 29.13 billion on 18th September.
Nepal Bankers Association has claimed that as the economic activities increase, so have the demands for loans.
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