{"id":1035,"date":"2024-09-04T06:56:39","date_gmt":"2024-09-04T06:56:39","guid":{"rendered":"https:\/\/english.bankingkhabar.com\/?p=1035"},"modified":"2024-09-05T08:06:16","modified_gmt":"2024-09-05T08:06:16","slug":"business-contraction-in-eight-commercial-banks","status":"publish","type":"post","link":"https:\/\/english.bankingkhabar.com\/?p=1035","title":{"rendered":"Business Contraction in Eight Commercial Banks"},"content":{"rendered":"

\"Business<\/a><\/p>\n

Banking Khabar\/ <\/b>In the first month (Shrawan) of the current fiscal year 2081\/82, the business of eight out of the 20 commercial banks contracted. Banks such as Himalayan Bank, Laxmi Sunrise Bank, Nepal Bank Limited, NIC Asia Bank, among others, saw a reduction in their business activities.<\/span><\/p>\n

Similarly, Prabhu Bank, Rastriya Banijya Bank, and Agricultural Development Bank also experienced a decline in their investments during Shrawan. NIC Asia Bank alone saw its investment shrink by NPR 10.78 billion. Agricultural Development Bank\u2019s business contracted by NPR 2.47 billion, and Himalayan Bank\u2019s business decreased by NPR 4.64 billion.<\/span><\/p>\n

On the other hand, Nepal Investment Mega Bank saw the highest business expansion during Shrawan, increasing its investment by NPR 8.68 billion. Global IME Bank\u2019s investment grew by NPR 5.84 billion, while Nabil Bank\u2019s business increased by NPR 710 million.<\/span><\/p>\n

Overall, the loan investment by commercial banks increased by only NPR 2.25 billion. After a long period, interest rates have finally dropped to a single digit, and banks have ample investable funds. However, the expected expansion in investment has not yet materialised, with the average Credit-Deposit (CD) ratio of banks falling to 79%.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Banking Khabar\/ In the first month (Shrawan) of the current fiscal year 2081\/82, the business of eight out of the 20 commercial banks contracted. Banks such as Himalayan Bank, Laxmi Sunrise Bank, Nepal Bank Limited, NIC Asia Bank, among others, saw a reduction in their business activities. Similarly, Prabhu Bank, Rastriya Banijya Bank, and Agricultural […]<\/p>\n","protected":false},"author":1,"featured_media":1036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,12,3],"tags":[97,98,99],"class_list":["post-1035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-khabar-banking-khabar","category-banner","category-main-news","tag-business-contraction","tag-commercial-banks","tag-commercila-banks-of-nepal"],"yoast_head":"\nBusiness Contraction in Eight Commercial Banks - Bankingkhabar<\/title>\n<meta name=\"description\" content=\"Himalayan Bank, Laxmi Sunrise Bank, Nepal Bank Limited, NIC Asia Bank, among others, saw a reduction in their business activities.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/english.bankingkhabar.com\/?p=1035\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business Contraction in Eight Commercial Banks - 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