Banks experience increase in deposit after election
24 Jan 2025
KATHMANDU: The banks and financial institutions that had been experiencing the alarming decrease in the deposits have witnessed a relief with the increase of deposits after the May 13 local level election.
In the two weeks since the election, Rs 13 billion has been added to commercial banks.
According to the Nepal Bankers’ Association, deposits in commercial banks stood at Rs. 4370 billion prior to May 13 election.
Deposits had risen by Rs 7 billion in the first week after the election. The trend of making expenses in the last few weeks of the fiscal year has also played a significant r...
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