The increase in deposit collection in the third week of Kartik was accompanied by a double increase in lending.

143

The release of an extensive study on the and lending trends in the nation’s commercial banks has been announced. This is the data as of Mangsir 17, which is the last working day of the third week, according to the data. As of this writing, the CD ratio is 91.24 percent.

The overall amount of money deposited increased by Rs. 7 in the first week of Mangsir, bringing the total amount to Rs. 4,226 billion. Local currency deposits amount to Rs. 4,109 billion, the remaining foreign currency deposits amounting to Rs. 117 billion.

Between now and then, the entire amount of lending has increased by Rs. 14 billion, bringing the total amount to Rs. 4,069 billion. Approximately Rs. 3,913 in lending has been forwarded in local currency, the remaining Rs. 156 in foreign currency.

When comparing the total collected in Kartik to the statistics provided in Ashwin, commercial banks reported a total of 35.31 Arba squeeze in the total deposit obtained. On the other hand, banks have been hammered by a surge in capital demands from both the general public and at the same time. As the economy has begun to recover from the closure, businesses and individuals have begun to place demands on financial institutions for loans and other forms of financing. In Kartik, commercial banks reported a gain in total monthly loan forwarding of 36.12 Arba, or a 36.12 percent increase over the previous month.

Given the combination of the two conditions, there has been increased pressure on the banks to advance loans at a time when funds are drying up. Because of this, banks are under pressure to hike interest rates in order to compete for depositors. Meanwhile, the central bank has countered by limiting the amount of interest rate increases that can be implemented in order to protect borrowers and businesses from exorbitant interest costs.

On the other hand, there has been worry that the proliferation of the Omicron variety will result in yet another shutdown. It discovered today that there are two examples of the Omicron variation. There is an instant response to this speculation, which is concern about the possibility of a shift in the liquidity scenario in the nation’s financial system. During the previous two waves, there was a surplus of liquidity, which led to banks lowering their interest rates.

Leave A Reply

Your email address will not be published.