Interest rates of 18 banks remained stable, one increased by 0.25 percent, the other reduced by the same amount, the average deposit interest rate remained stable in February.
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The average interest rate of deposits of commercial banks will remain stable in February. According to the monthly interest rate published by the banks on Wednesday, the average interest rate of deposits will be maintained in February as well. For February, one commercial bank increased the interest on deposits while another reduced it, while 18 banks remained stable.
After 18 banks have kept the same interest rate as the same for February, there has been no change in the average interest rate of 20 commercial banks. According to which, in February, the maximum interest rate given in one-year personal term deposits in all commercial banks is 6.001 percent on average. It is equal to this month.
- In February, the maximum interest rate given on one-year personal term deposits in all commercial banks is 6.001 percent on an average
– Lakshmi Sunrise Bank maintains maximum interest rate of 5.5 percent on personal term deposits
– Global IME Bank made fixed deposit maximum limit of 6 percent
- the remaining 18 commercial banks kept the maximum interest rate on personal term deposits unchanged
- Deposits in banks and financial institutions increased by 2 trillion 39 billion 60 million (3.7 percent) in 6 months
- 52.5 percent of the total deposits are in term accounts
For February, Laxmi Sunrise Bank has reduced the maximum interest rate of one-year personal term deposits by 0.25 percentage points to 5.5 percent. In January, the maximum interest rate on term deposits of this bank is 5.75 percent. Global IME Bank has increased the fixed deposit ceiling by 0.25 percentage points to 6 percent. In January, such interest rate was 5.75 percent. The remaining 18 commercial banks have kept the maximum interest rate on individual term deposits unchanged.
In the 6 months of the current financial year, deposits in banks and financial institutions have increased by 2.39 billion 60 million (3.7 percent). During the same period last year, such deposits increased by 377 billion 70 million (6.6 percent). On an annual point basis, deposits in banks and financial institutions increased by 9.9 percent at the end of December 2081.
At the end of December 2081, the largest share of the total deposits of banks and financial institutions is 52.5 percent in term accounts. Savings account has 34.1 percent share and current account has 5.6 percent share. During the same period last year, the share was 59.9 percent in term accounts, 26.7 percent in savings and 6.8 percent in current accounts. According to the National Bank report, the share of institutional deposits in the total deposits of banks and financial institutions is 35.5 percent at the end of December 2081. The share of such deposits was 36.6 percent at the end of 2018.
In the first 6 months of the current financial year, loans from banks and financial institutions to the private sector have increased by 2.65 billion 56 crores (5.2 percent). In the same period last year, such loans increased by 1 trillion 92 billion 64 crores (4.0 percent).
On an annual point-by-point basis, the credit flow from banks and financial institutions to the private sector has increased by 7 percent at the end of December 2081. At the end of December 2081, among the loans from banks and financial institutions to the private sector, the share of loans to the non-financial institutional sector is 64.2 percent and the share of loans to individuals and households is 35.8 percent. Until December of the last financial year, this share was 63.2 percent and 36.8 percent respectively.
By January of the current financial year, among the loans to the private sector, commercial banks' loans increased by 5.3 percent, development banks' loans increased by 4.4 percent, and finance companies' loans increased by 5.3 percent. At the end of December 2018, 14.5 percent of current assets (agricultural and non-agricultural items) were secured by banks and financial institutions, while 64.9 percent were secured by real estate mortgages. At the end of December 2008, the share of such securities was 11.4 percent and 67.7 percent, respectively.
In the six months of this financial year, out of the loans provided by banks and financial institutions, 8.4 per cent went to the industrial production sector, 7.7 per cent to construction, 4.8 per cent to wholesale and retail trade, 5.7 per cent to transport, communication and public services, 5.7 per cent to the service industry, 5.8 per cent to the consumer sector and 0.02 per cent to the agricultural sector.
In the 6 months of the current financial year, periodic loans from banks and financial institutions increased by 3.1%, margin nature by 26.3%, trust receipts (imports) by 56.6%, hire purchase loans by 3.8%, cash flow loans by 4.7% and real estate loans (including personal residential house loans) by 3.2%. During that period, excess loans decreased by 9.8 percent, according to the report of the National Bank.
