Kathmandu. The non-performing loan ratio of banks and institutions has increased significantly. According to the third quarterly review report of the current fiscal year released by the Nepal Rastra Bank today, the ratio of non-performing loans has increased in the current fiscal year compared to the previous fiscal year.
The non-performing loan ratio of banks and financial institutions has increased from 3.98 per cent in March 2080 to 5.24 per cent in March 2081,” it said. The non-performing loan ratio stood at 5.05 per cent for commercial banks, 5.56 per cent for development banks and 13.04 per cent for finance companies. In the same period last fiscal year, the ratio was 3.89 percent for commercial banks, 3.63 percent for development banks and 10.40 percent for finance companies.
Compared to the last fiscal year, credit flow has increased in the current fiscal year and deposit collection has decreased. Loans worth Rs 361.03 billion have been disbursed to the private sector from banks and financial institutions till mid-March of the current fiscal year. In the same period of the previous year, rs 222.21 billion loan was disbursed to the private sector. Similarly, deposits of banks and financial institutions increased by Rs 368.47 billion during the review period. In the same period of the previous year, deposits had increased by Rs 409.4 billion.
The average base rate of banks and financial institutions and the weighted average interest rate on deposits and loans have come down. According to the NRB, the average base rate of commercial banks has come down from 8.51 percent in March 2080 to 6.29 percent in March 2081. Similarly, the weighted average interest rate on deposits of commercial banks has come down to 4.45 per cent in March 2081 from 6.53 per cent in March 2018. Similarly, in March 2019, 10. The weighted average interest rate on loans of commercial banks, which was 55 percent, has come down to 8.22 percent in March 2081.
The weighted average interbank rate between banks and financial institutions has also decreased. According to the NRB, it was 3 per cent in March 2018. The weighted average interbank rate was 3.10 per cent in March last year.
Nepal Rastra Bank (NRB) has also said that it is expanding its digital transactions. The scope of early payment devices including mobile banking, QR, digital wallet is widening,” the NRB said, adding that the amount of transactions through real-time gross settlement system (RTGS) has increased during the review period. ”
Till mid-March last year, 582,000 transactions worth Rs 25,027.75 billion were transacted through RTGS. In comparison, such transactions have increased by 113.09 percent to Rs 533.32 billion in the same period of the current fiscal year. RSS
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