Total Credit By BFIs Increases To Rs 31.40 Kharba

December 29, 2020 | Investopaper

Compared to last year, flow of credit has increased by Rs. 2.37 Kharba in the first five months of the current fiscal year. Total loans and advances by BFIs had increased by Rs 2.15 Kharba in the corresponding period of the previous year.

At the end of Ashad 2077 BS, the commercial banks had floated total loans and advances of Rs 29.03 Kharba. As of Poush 10, 2077 BS, such credit has increased to Rs 31.40 Kharba. Similarly, the deposits have increased by Rs 2.42 Kharba to Rs 37.29 Kharba.

The demand for credit is increasing as the impact of COVID-19 has diminished and most economic sectors have opened up. The loan investment has increased especially in house and land purchase.

Nepal Rastra Bank had made a provision to increase the working capital loan demanded by the entrepreneurs up to 20 percent due to Covid. Such loan has increased by 7.6 percent to Rs. 7.55 Kharba from Ashad to Karthik.



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