Loan Investment of Commercial Banks Reaches Highest Level

  1 min 0 sec to read
 Loan Investment of Commercial Banks Reaches Highest Level

June 24: Loan investment of commercial banks has reached all time high in the 11 months of current FY. The 29 commercial banks operating in the country have invested Rs 1327 billion loans till mid-June. “Loans of commercial banks have increased by 46 billion in the last one month. Apparently, it has increased by 11 billion in the second week of June only,” says Bhuwan Dhahal, CEO of Sanima Bank.

According to him, deposit however has not increased in compare to loans. In the second week of June, deposit collection has increased by Rs 3 billion only. Along with it, the deposit collection of the commercial banks has totalled Rs 1655 billion. The ratio of loans to deposit excluding the primary capital has reached above 80 percent. As per the bankers, there is no adequate space to increase sufficient loans because of narrow growth in deposit collection.

As a result, bankers have increased interest rate of fixed deposit. According to a CEO of a bank, fixed deposit interest rate has reached 7 percent at present. The bankers inform that the interest rate of short term loans have also increased to 6/7 percent.

No comments yet. Be the first one to comment.