Deposits In BFIs 14 Percent Higher Than GDP

March 20, 2022 | Investopaper

The deposits in Banks and Financial Institutions (BFIs) has reached Rs 48.78 Kharba until the end of Magh, 2078 BS. As per the report published by Nepal Rastra Bank (NRB), the deposit collection in BFIs is 14.33 percent higher than the Gross Domestic Product (GDP). Out of the total deposits, deposits in ‘A’ class banks has reached Rs. 43.33 Kharba which is slightly (1.05 percent) higher than the GDP.

Similarly, the credit flow by BFIs stood at Rs 46.96 Kharba by the end of Magh which is 10 percent higher than the GDP. Out of the total credit disbursement, commercial banks have floated Rs. 41.72 Kharba as loans and advances. The total credit to deposit ratio is at 96.24 percent. Likewise, CD ratio has reached 90.38 percent. Banks and Financial Institutions have provided 8.28 percent ot the total loans to the deprived sector.

The total non-performing loans of BFIs stood at 1.31 percent. Commercial Banks, Development Banks, and Finance companies have NPL of 1.18 percent, 1.42 percent, and 1.31 percent respectively.

Looking into the deposit structure, 54.03 percent of the total is from fixed deposit. Likewise, savings deposit occupy 29.84 percent of the total deposit while 8.36 percent is current deposit and 6.72 percent is call deposit.

At current, there are 61 banking and financial institutions, out of which 27 are commercial banks, 17 are development banks and 17 are finance companies.


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