Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]Code Context$user = $this->Session->read('Auth.User');//find the group of logged user$groupId = $user['Group']['id'];$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp' $dataForView = array( 'article' => array( 'Article' => array( 'id' => '12101', 'article_category_id' => '1', 'title' => 'Sharp Contraction in Commercial Banks' Lending, New Loan Extension Falls to Zero', 'sub_title' => '', 'summary' => 'With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. ', 'content' => '<h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. According to data provided by the Nepal Bankers’ Association (NBA), commercial banks registered Rs 16 billion of negative credit of their total loan extension in April-May (Baisakh) compared to March-April (Chaitra). The banks in March-April extended a total of Rs 42 billion in loans. The total loan extension of 27 commercial banks reached Rs 2,845 billion by March-April which declined by Rs 16 billion to Rs 2,829 billion in April-May. The total credit of banks become negative because of collection of old loans but zero extension of new loans. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">However, collection of deposits has remained satisfactory despite a dip in April-May. In March-April, commercial banks collected a total of Rs 49 billion in deposits which declined to Rs 30 billion in April-May. The total deposit collection of banks reached to Rs 3,219 billion in April-May from Rs 3,189 billion in March-April. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bhuvan Kumar Dahal, president of NBA said that halt in commercial and other transactions has negatively impacted the banking sector. “With no end in sight of the lockdown, industries and businesses have remained shut down. As a result, bank transactions have decreased sharply,” he mentioned. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bankers are having a hard time as the current situation does not allows for extension of new loans due to which interest rate income of banks is also following a declining trend. According to Dahal, the credit-to-core capital-deposit (CCD) ratio of commercial banks has decreased to 76 percent because of halt in extension of new loans. However, renewal of deposits is ongoing in banks. “The banking system therefore has adequate investment-grade liquidity at present which is being invested in government bonds such as treasury bills,” informed Dahal. </span></span></span></span></h2> ', 'published' => true, 'created' => '2020-06-01', 'modified' => '2020-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '11849', 'image' => '20200601032952_bank lending.jpg', 'article_date' => '2020-06-01 15:27:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '31' ), 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ), 'User' => array( 'password' => '*****', 'id' => '31', 'user_detail_id' => '1', 'group_id' => '1', 'username' => 'ssharma@newbusinessage.com', 'name' => null, 'email' => 'ssharma@newbusinessage.com', 'address' => null, 'gender' => null, 'access' => '1', 'phone' => null, 'access_type' => null, 'activated' => true, 'sortorder' => null, 'published' => null, 'created' => '2020-05-18 17:22:36', 'last_login' => '2020-08-04 21:55:15', 'ip' => '202.51.88.118' ), 'ArticleComment' => array(), 'ArticleFeature' => array(), 'ArticleHasAuthor' => array(), 'ArticleHasTag' => array(), 'ArticleView' => array( (int) 0 => array( [maximum depth reached] ) ), 'Slider' => array() ), 'current_user' => null, 'logged_in' => false ) $article = array( 'Article' => array( 'id' => '12101', 'article_category_id' => '1', 'title' => 'Sharp Contraction in Commercial Banks' Lending, New Loan Extension Falls to Zero', 'sub_title' => '', 'summary' => 'With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. ', 'content' => '<h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. According to data provided by the Nepal Bankers’ Association (NBA), commercial banks registered Rs 16 billion of negative credit of their total loan extension in April-May (Baisakh) compared to March-April (Chaitra). The banks in March-April extended a total of Rs 42 billion in loans. The total loan extension of 27 commercial banks reached Rs 2,845 billion by March-April which declined by Rs 16 billion to Rs 2,829 billion in April-May. The total credit of banks become negative because of collection of old loans but zero extension of new loans. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">However, collection of deposits has remained satisfactory despite a dip in April-May. In March-April, commercial banks collected a total of Rs 49 billion in deposits which declined to Rs 30 billion in April-May. The total deposit collection of banks reached to Rs 3,219 billion in April-May from Rs 3,189 billion in March-April. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bhuvan Kumar Dahal, president of NBA said that halt in commercial and other transactions has negatively impacted the banking sector. “With no end in sight of the lockdown, industries and businesses have remained shut down. As a result, bank transactions have decreased sharply,” he mentioned. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bankers are having a hard time as the current situation does not allows for extension of new loans due to which interest rate income of banks is also following a declining trend. According to Dahal, the credit-to-core capital-deposit (CCD) ratio of commercial banks has decreased to 76 percent because of halt in extension of new loans. However, renewal of deposits is ongoing in banks. “The banking system therefore has adequate investment-grade liquidity at present which is being invested in government bonds such as treasury bills,” informed Dahal. </span></span></span></span></h2> ', 'published' => true, 'created' => '2020-06-01', 'modified' => '2020-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '11849', 'image' => '20200601032952_bank lending.jpg', 'article_date' => '2020-06-01 15:27:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '31' ), 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ), 'User' => array( 'password' => '*****', 'id' => '31', 'user_detail_id' => '1', 'group_id' => '1', 'username' => 'ssharma@newbusinessage.com', 'name' => null, 'email' => 'ssharma@newbusinessage.com', 'address' => null, 'gender' => null, 'access' => '1', 'phone' => null, 'access_type' => null, 'activated' => true, 'sortorder' => null, 'published' => null, 'created' => '2020-05-18 17:22:36', 'last_login' => '2020-08-04 21:55:15', 'ip' => '202.51.88.118' ), 'ArticleComment' => array(), 'ArticleFeature' => array(), 'ArticleHasAuthor' => array(), 'ArticleHasTag' => array(), 'ArticleView' => array( (int) 0 => array( 'article_id' => '12101', 'hit' => '1040' ) ), 'Slider' => array() ) $current_user = null $logged_in = false $image = 'https://www.old.newbusinessage.com/app/webroot/img/news/20200601032952_bank lending.jpg' $user = nullinclude - APP/View/Articles/view.ctp, line 115 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]Code Context$user = $this->Session->read('Auth.User');//find the group of logged user$groupId = $user['Group']['id'];$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp' $dataForView = array( 'article' => array( 'Article' => array( 'id' => '12101', 'article_category_id' => '1', 'title' => 'Sharp Contraction in Commercial Banks' Lending, New Loan Extension Falls to Zero', 'sub_title' => '', 'summary' => 'With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. ', 'content' => '<h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. According to data provided by the Nepal Bankers’ Association (NBA), commercial banks registered Rs 16 billion of negative credit of their total loan extension in April-May (Baisakh) compared to March-April (Chaitra). The banks in March-April extended a total of Rs 42 billion in loans. The total loan extension of 27 commercial banks reached Rs 2,845 billion by March-April which declined by Rs 16 billion to Rs 2,829 billion in April-May. The total credit of banks become negative because of collection of old loans but zero extension of new loans. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">However, collection of deposits has remained satisfactory despite a dip in April-May. In March-April, commercial banks collected a total of Rs 49 billion in deposits which declined to Rs 30 billion in April-May. The total deposit collection of banks reached to Rs 3,219 billion in April-May from Rs 3,189 billion in March-April. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bhuvan Kumar Dahal, president of NBA said that halt in commercial and other transactions has negatively impacted the banking sector. “With no end in sight of the lockdown, industries and businesses have remained shut down. As a result, bank transactions have decreased sharply,” he mentioned. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bankers are having a hard time as the current situation does not allows for extension of new loans due to which interest rate income of banks is also following a declining trend. According to Dahal, the credit-to-core capital-deposit (CCD) ratio of commercial banks has decreased to 76 percent because of halt in extension of new loans. However, renewal of deposits is ongoing in banks. “The banking system therefore has adequate investment-grade liquidity at present which is being invested in government bonds such as treasury bills,” informed Dahal. </span></span></span></span></h2> ', 'published' => true, 'created' => '2020-06-01', 'modified' => '2020-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '11849', 'image' => '20200601032952_bank lending.jpg', 'article_date' => '2020-06-01 15:27:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '31' ), 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ), 'User' => array( 'password' => '*****', 'id' => '31', 'user_detail_id' => '1', 'group_id' => '1', 'username' => 'ssharma@newbusinessage.com', 'name' => null, 'email' => 'ssharma@newbusinessage.com', 'address' => null, 'gender' => null, 'access' => '1', 'phone' => null, 'access_type' => null, 'activated' => true, 'sortorder' => null, 'published' => null, 'created' => '2020-05-18 17:22:36', 'last_login' => '2020-08-04 21:55:15', 'ip' => '202.51.88.118' ), 'ArticleComment' => array(), 'ArticleFeature' => array(), 'ArticleHasAuthor' => array(), 'ArticleHasTag' => array(), 'ArticleView' => array( (int) 0 => array( [maximum depth reached] ) ), 'Slider' => array() ), 'current_user' => null, 'logged_in' => false ) $article = array( 'Article' => array( 'id' => '12101', 'article_category_id' => '1', 'title' => 'Sharp Contraction in Commercial Banks' Lending, New Loan Extension Falls to Zero', 'sub_title' => '', 'summary' => 'With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. ', 'content' => '<h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. According to data provided by the Nepal Bankers’ Association (NBA), commercial banks registered Rs 16 billion of negative credit of their total loan extension in April-May (Baisakh) compared to March-April (Chaitra). The banks in March-April extended a total of Rs 42 billion in loans. The total loan extension of 27 commercial banks reached Rs 2,845 billion by March-April which declined by Rs 16 billion to Rs 2,829 billion in April-May. The total credit of banks become negative because of collection of old loans but zero extension of new loans. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">However, collection of deposits has remained satisfactory despite a dip in April-May. In March-April, commercial banks collected a total of Rs 49 billion in deposits which declined to Rs 30 billion in April-May. The total deposit collection of banks reached to Rs 3,219 billion in April-May from Rs 3,189 billion in March-April. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bhuvan Kumar Dahal, president of NBA said that halt in commercial and other transactions has negatively impacted the banking sector. “With no end in sight of the lockdown, industries and businesses have remained shut down. As a result, bank transactions have decreased sharply,” he mentioned. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bankers are having a hard time as the current situation does not allows for extension of new loans due to which interest rate income of banks is also following a declining trend. According to Dahal, the credit-to-core capital-deposit (CCD) ratio of commercial banks has decreased to 76 percent because of halt in extension of new loans. However, renewal of deposits is ongoing in banks. “The banking system therefore has adequate investment-grade liquidity at present which is being invested in government bonds such as treasury bills,” informed Dahal. </span></span></span></span></h2> ', 'published' => true, 'created' => '2020-06-01', 'modified' => '2020-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '11849', 'image' => '20200601032952_bank lending.jpg', 'article_date' => '2020-06-01 15:27:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '31' ), 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ), 'User' => array( 'password' => '*****', 'id' => '31', 'user_detail_id' => '1', 'group_id' => '1', 'username' => 'ssharma@newbusinessage.com', 'name' => null, 'email' => 'ssharma@newbusinessage.com', 'address' => null, 'gender' => null, 'access' => '1', 'phone' => null, 'access_type' => null, 'activated' => true, 'sortorder' => null, 'published' => null, 'created' => '2020-05-18 17:22:36', 'last_login' => '2020-08-04 21:55:15', 'ip' => '202.51.88.118' ), 'ArticleComment' => array(), 'ArticleFeature' => array(), 'ArticleHasAuthor' => array(), 'ArticleHasTag' => array(), 'ArticleView' => array( (int) 0 => array( 'article_id' => '12101', 'hit' => '1040' ) ), 'Slider' => array() ) $current_user = null $logged_in = false $image = 'https://www.old.newbusinessage.com/app/webroot/img/news/20200601032952_bank lending.jpg' $user = nullinclude - APP/View/Articles/view.ctp, line 115 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]Code Context//find the group of logged user$groupId = $user['Group']['id'];$user_id=$user["id"];$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp' $dataForView = array( 'article' => array( 'Article' => array( 'id' => '12101', 'article_category_id' => '1', 'title' => 'Sharp Contraction in Commercial Banks' Lending, New Loan Extension Falls to Zero', 'sub_title' => '', 'summary' => 'With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. ', 'content' => '<h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. According to data provided by the Nepal Bankers’ Association (NBA), commercial banks registered Rs 16 billion of negative credit of their total loan extension in April-May (Baisakh) compared to March-April (Chaitra). The banks in March-April extended a total of Rs 42 billion in loans. The total loan extension of 27 commercial banks reached Rs 2,845 billion by March-April which declined by Rs 16 billion to Rs 2,829 billion in April-May. The total credit of banks become negative because of collection of old loans but zero extension of new loans. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">However, collection of deposits has remained satisfactory despite a dip in April-May. In March-April, commercial banks collected a total of Rs 49 billion in deposits which declined to Rs 30 billion in April-May. The total deposit collection of banks reached to Rs 3,219 billion in April-May from Rs 3,189 billion in March-April. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bhuvan Kumar Dahal, president of NBA said that halt in commercial and other transactions has negatively impacted the banking sector. “With no end in sight of the lockdown, industries and businesses have remained shut down. As a result, bank transactions have decreased sharply,” he mentioned. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bankers are having a hard time as the current situation does not allows for extension of new loans due to which interest rate income of banks is also following a declining trend. According to Dahal, the credit-to-core capital-deposit (CCD) ratio of commercial banks has decreased to 76 percent because of halt in extension of new loans. However, renewal of deposits is ongoing in banks. “The banking system therefore has adequate investment-grade liquidity at present which is being invested in government bonds such as treasury bills,” informed Dahal. </span></span></span></span></h2> ', 'published' => true, 'created' => '2020-06-01', 'modified' => '2020-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '11849', 'image' => '20200601032952_bank lending.jpg', 'article_date' => '2020-06-01 15:27:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '31' ), 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ), 'User' => array( 'password' => '*****', 'id' => '31', 'user_detail_id' => '1', 'group_id' => '1', 'username' => 'ssharma@newbusinessage.com', 'name' => null, 'email' => 'ssharma@newbusinessage.com', 'address' => null, 'gender' => null, 'access' => '1', 'phone' => null, 'access_type' => null, 'activated' => true, 'sortorder' => null, 'published' => null, 'created' => '2020-05-18 17:22:36', 'last_login' => '2020-08-04 21:55:15', 'ip' => '202.51.88.118' ), 'ArticleComment' => array(), 'ArticleFeature' => array(), 'ArticleHasAuthor' => array(), 'ArticleHasTag' => array(), 'ArticleView' => array( (int) 0 => array( [maximum depth reached] ) ), 'Slider' => array() ), 'current_user' => null, 'logged_in' => false ) $article = array( 'Article' => array( 'id' => '12101', 'article_category_id' => '1', 'title' => 'Sharp Contraction in Commercial Banks' Lending, New Loan Extension Falls to Zero', 'sub_title' => '', 'summary' => 'With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. ', 'content' => '<h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. According to data provided by the Nepal Bankers’ Association (NBA), commercial banks registered Rs 16 billion of negative credit of their total loan extension in April-May (Baisakh) compared to March-April (Chaitra). The banks in March-April extended a total of Rs 42 billion in loans. The total loan extension of 27 commercial banks reached Rs 2,845 billion by March-April which declined by Rs 16 billion to Rs 2,829 billion in April-May. The total credit of banks become negative because of collection of old loans but zero extension of new loans. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">However, collection of deposits has remained satisfactory despite a dip in April-May. In March-April, commercial banks collected a total of Rs 49 billion in deposits which declined to Rs 30 billion in April-May. The total deposit collection of banks reached to Rs 3,219 billion in April-May from Rs 3,189 billion in March-April. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bhuvan Kumar Dahal, president of NBA said that halt in commercial and other transactions has negatively impacted the banking sector. “With no end in sight of the lockdown, industries and businesses have remained shut down. As a result, bank transactions have decreased sharply,” he mentioned. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bankers are having a hard time as the current situation does not allows for extension of new loans due to which interest rate income of banks is also following a declining trend. According to Dahal, the credit-to-core capital-deposit (CCD) ratio of commercial banks has decreased to 76 percent because of halt in extension of new loans. 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Notice (8): Undefined index: caption [APP/View/Articles/view.ctp, line 241]Code Context<?php echo $this->Html->image('news/'.$article['Article']['image'], array('class'=>'appear', 'alt'=>$article['Article']['title'])); ?><div class="caption"> <?php echo $article['Article']['caption']; ?> </div>$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp' $dataForView = array( 'article' => array( 'Article' => array( 'id' => '12101', 'article_category_id' => '1', 'title' => 'Sharp Contraction in Commercial Banks' Lending, New Loan Extension Falls to Zero', 'sub_title' => '', 'summary' => 'With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. ', 'content' => '<h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. According to data provided by the Nepal Bankers’ Association (NBA), commercial banks registered Rs 16 billion of negative credit of their total loan extension in April-May (Baisakh) compared to March-April (Chaitra). The banks in March-April extended a total of Rs 42 billion in loans. The total loan extension of 27 commercial banks reached Rs 2,845 billion by March-April which declined by Rs 16 billion to Rs 2,829 billion in April-May. The total credit of banks become negative because of collection of old loans but zero extension of new loans. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">However, collection of deposits has remained satisfactory despite a dip in April-May. In March-April, commercial banks collected a total of Rs 49 billion in deposits which declined to Rs 30 billion in April-May. The total deposit collection of banks reached to Rs 3,219 billion in April-May from Rs 3,189 billion in March-April. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bhuvan Kumar Dahal, president of NBA said that halt in commercial and other transactions has negatively impacted the banking sector. “With no end in sight of the lockdown, industries and businesses have remained shut down. As a result, bank transactions have decreased sharply,” he mentioned. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bankers are having a hard time as the current situation does not allows for extension of new loans due to which interest rate income of banks is also following a declining trend. According to Dahal, the credit-to-core capital-deposit (CCD) ratio of commercial banks has decreased to 76 percent because of halt in extension of new loans. 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', 'content' => '<h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. According to data provided by the Nepal Bankers’ Association (NBA), commercial banks registered Rs 16 billion of negative credit of their total loan extension in April-May (Baisakh) compared to March-April (Chaitra). The banks in March-April extended a total of Rs 42 billion in loans. The total loan extension of 27 commercial banks reached Rs 2,845 billion by March-April which declined by Rs 16 billion to Rs 2,829 billion in April-May. The total credit of banks become negative because of collection of old loans but zero extension of new loans. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">However, collection of deposits has remained satisfactory despite a dip in April-May. In March-April, commercial banks collected a total of Rs 49 billion in deposits which declined to Rs 30 billion in April-May. The total deposit collection of banks reached to Rs 3,219 billion in April-May from Rs 3,189 billion in March-April. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bhuvan Kumar Dahal, president of NBA said that halt in commercial and other transactions has negatively impacted the banking sector. “With no end in sight of the lockdown, industries and businesses have remained shut down. As a result, bank transactions have decreased sharply,” he mentioned. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bankers are having a hard time as the current situation does not allows for extension of new loans due to which interest rate income of banks is also following a declining trend. According to Dahal, the credit-to-core capital-deposit (CCD) ratio of commercial banks has decreased to 76 percent because of halt in extension of new loans. However, renewal of deposits is ongoing in banks. “The banking system therefore has adequate investment-grade liquidity at present which is being invested in government bonds such as treasury bills,” informed Dahal. </span></span></span></span></h2> ', 'published' => true, 'created' => '2020-06-01', 'modified' => '2020-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '11849', 'image' => '20200601032952_bank lending.jpg', 'article_date' => '2020-06-01 15:27:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '31' ), 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ), 'User' => array( 'password' => '*****', 'id' => '31', 'user_detail_id' => '1', 'group_id' => '1', 'username' => 'ssharma@newbusinessage.com', 'name' => null, 'email' => 'ssharma@newbusinessage.com', 'address' => null, 'gender' => null, 'access' => '1', 'phone' => null, 'access_type' => null, 'activated' => true, 'sortorder' => null, 'published' => null, 'created' => '2020-05-18 17:22:36', 'last_login' => '2020-08-04 21:55:15', 'ip' => '202.51.88.118' ), 'ArticleComment' => array(), 'ArticleFeature' => array(), 'ArticleHasAuthor' => array(), 'ArticleHasTag' => array(), 'ArticleView' => array( (int) 0 => array( 'article_id' => '12101', 'hit' => '1040' ) ), 'Slider' => array() ) $current_user = null $logged_in = false $image = 'https://www.old.newbusinessage.com/app/webroot/img/news/20200601032952_bank lending.jpg' $user = null $groupId = null $user_id = null $date = '2020-06-01 15:27:47' $dateFromDatabase = (int) 1591004567 $newDate = 'Jun 01, 2020' $articleView = array( 'article_id' => '12101', 'hit' => '1040' ) $word_count = (int) 416 $time_to_read = (float) 2.08 $time_to_read_min = (float) 2 $time_to_read_second = (float) 5include - APP/View/Articles/view.ctp, line 241 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'article' => array( 'Article' => array( 'id' => '12101', 'article_category_id' => '1', 'title' => 'Sharp Contraction in Commercial Banks' Lending, New Loan Extension Falls to Zero', 'sub_title' => '', 'summary' => 'With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. ', 'content' => '<h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. According to data provided by the Nepal Bankers’ Association (NBA), commercial banks registered Rs 16 billion of negative credit of their total loan extension in April-May (Baisakh) compared to March-April (Chaitra). The banks in March-April extended a total of Rs 42 billion in loans. The total loan extension of 27 commercial banks reached Rs 2,845 billion by March-April which declined by Rs 16 billion to Rs 2,829 billion in April-May. The total credit of banks become negative because of collection of old loans but zero extension of new loans. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">However, collection of deposits has remained satisfactory despite a dip in April-May. In March-April, commercial banks collected a total of Rs 49 billion in deposits which declined to Rs 30 billion in April-May. The total deposit collection of banks reached to Rs 3,219 billion in April-May from Rs 3,189 billion in March-April. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bhuvan Kumar Dahal, president of NBA said that halt in commercial and other transactions has negatively impacted the banking sector. “With no end in sight of the lockdown, industries and businesses have remained shut down. As a result, bank transactions have decreased sharply,” he mentioned. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bankers are having a hard time as the current situation does not allows for extension of new loans due to which interest rate income of banks is also following a declining trend. 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However, renewal of deposits is ongoing in banks. “The banking system therefore has adequate investment-grade liquidity at present which is being invested in government bonds such as treasury bills,” informed Dahal. </span></span></span></span></h2> ', 'published' => true, 'created' => '2020-06-01', 'modified' => '2020-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '11849', 'image' => '20200601032952_bank lending.jpg', 'article_date' => '2020-06-01 15:27:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '31' ), 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ), 'User' => array( 'password' => '*****', 'id' => '31', 'user_detail_id' => '1', 'group_id' => '1', 'username' => 'ssharma@newbusinessage.com', 'name' => null, 'email' => 'ssharma@newbusinessage.com', 'address' => null, 'gender' => null, 'access' => '1', 'phone' => null, 'access_type' => null, 'activated' => true, 'sortorder' => null, 'published' => null, 'created' => '2020-05-18 17:22:36', 'last_login' => '2020-08-04 21:55:15', 'ip' => '202.51.88.118' ), 'ArticleComment' => array(), 'ArticleFeature' => array(), 'ArticleHasAuthor' => array(), 'ArticleHasTag' => array(), 'ArticleView' => array( (int) 0 => array( [maximum depth reached] ) ), 'Slider' => array() ), 'current_user' => null, 'logged_in' => false ) $article = array( 'Article' => array( 'id' => '12101', 'article_category_id' => '1', 'title' => 'Sharp Contraction in Commercial Banks' Lending, New Loan Extension Falls to Zero', 'sub_title' => '', 'summary' => 'With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. ', 'content' => '<h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. According to data provided by the Nepal Bankers’ Association (NBA), commercial banks registered Rs 16 billion of negative credit of their total loan extension in April-May (Baisakh) compared to March-April (Chaitra). The banks in March-April extended a total of Rs 42 billion in loans. The total loan extension of 27 commercial banks reached Rs 2,845 billion by March-April which declined by Rs 16 billion to Rs 2,829 billion in April-May. The total credit of banks become negative because of collection of old loans but zero extension of new loans. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">However, collection of deposits has remained satisfactory despite a dip in April-May. In March-April, commercial banks collected a total of Rs 49 billion in deposits which declined to Rs 30 billion in April-May. The total deposit collection of banks reached to Rs 3,219 billion in April-May from Rs 3,189 billion in March-April. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bhuvan Kumar Dahal, president of NBA said that halt in commercial and other transactions has negatively impacted the banking sector. “With no end in sight of the lockdown, industries and businesses have remained shut down. As a result, bank transactions have decreased sharply,” he mentioned. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bankers are having a hard time as the current situation does not allows for extension of new loans due to which interest rate income of banks is also following a declining trend. According to Dahal, the credit-to-core capital-deposit (CCD) ratio of commercial banks has decreased to 76 percent because of halt in extension of new loans. However, renewal of deposits is ongoing in banks. “The banking system therefore has adequate investment-grade liquidity at present which is being invested in government bonds such as treasury bills,” informed Dahal. </span></span></span></span></h2> ', 'published' => true, 'created' => '2020-06-01', 'modified' => '2020-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '11849', 'image' => '20200601032952_bank lending.jpg', 'article_date' => '2020-06-01 15:27:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '31' ), 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ), 'User' => array( 'password' => '*****', 'id' => '31', 'user_detail_id' => '1', 'group_id' => '1', 'username' => 'ssharma@newbusinessage.com', 'name' => null, 'email' => 'ssharma@newbusinessage.com', 'address' => null, 'gender' => null, 'access' => '1', 'phone' => null, 'access_type' => null, 'activated' => true, 'sortorder' => null, 'published' => null, 'created' => '2020-05-18 17:22:36', 'last_login' => '2020-08-04 21:55:15', 'ip' => '202.51.88.118' ), 'ArticleComment' => array(), 'ArticleFeature' => array(), 'ArticleHasAuthor' => array(), 'ArticleHasTag' => array(), 'ArticleView' => array( (int) 0 => array( 'article_id' => '12101', 'hit' => '1040' ) ), 'Slider' => array() ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/view.ctp, line 391 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'article' => array( 'Article' => array( 'id' => '12101', 'article_category_id' => '1', 'title' => 'Sharp Contraction in Commercial Banks' Lending, New Loan Extension Falls to Zero', 'sub_title' => '', 'summary' => 'With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. ', 'content' => '<h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. According to data provided by the Nepal Bankers’ Association (NBA), commercial banks registered Rs 16 billion of negative credit of their total loan extension in April-May (Baisakh) compared to March-April (Chaitra). The banks in March-April extended a total of Rs 42 billion in loans. The total loan extension of 27 commercial banks reached Rs 2,845 billion by March-April which declined by Rs 16 billion to Rs 2,829 billion in April-May. The total credit of banks become negative because of collection of old loans but zero extension of new loans. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">However, collection of deposits has remained satisfactory despite a dip in April-May. In March-April, commercial banks collected a total of Rs 49 billion in deposits which declined to Rs 30 billion in April-May. The total deposit collection of banks reached to Rs 3,219 billion in April-May from Rs 3,189 billion in March-April. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bhuvan Kumar Dahal, president of NBA said that halt in commercial and other transactions has negatively impacted the banking sector. “With no end in sight of the lockdown, industries and businesses have remained shut down. As a result, bank transactions have decreased sharply,” he mentioned. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bankers are having a hard time as the current situation does not allows for extension of new loans due to which interest rate income of banks is also following a declining trend. According to Dahal, the credit-to-core capital-deposit (CCD) ratio of commercial banks has decreased to 76 percent because of halt in extension of new loans. However, renewal of deposits is ongoing in banks. “The banking system therefore has adequate investment-grade liquidity at present which is being invested in government bonds such as treasury bills,” informed Dahal. </span></span></span></span></h2> ', 'published' => true, 'created' => '2020-06-01', 'modified' => '2020-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '11849', 'image' => '20200601032952_bank lending.jpg', 'article_date' => '2020-06-01 15:27:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '31' ), 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ), 'User' => array( 'password' => '*****', 'id' => '31', 'user_detail_id' => '1', 'group_id' => '1', 'username' => 'ssharma@newbusinessage.com', 'name' => null, 'email' => 'ssharma@newbusinessage.com', 'address' => null, 'gender' => null, 'access' => '1', 'phone' => null, 'access_type' => null, 'activated' => true, 'sortorder' => null, 'published' => null, 'created' => '2020-05-18 17:22:36', 'last_login' => '2020-08-04 21:55:15', 'ip' => '202.51.88.118' ), 'ArticleComment' => array(), 'ArticleFeature' => array(), 'ArticleHasAuthor' => array(), 'ArticleHasTag' => array(), 'ArticleView' => array( (int) 0 => array( [maximum depth reached] ) ), 'Slider' => array() ), 'current_user' => null, 'logged_in' => false ) $article = array( 'Article' => array( 'id' => '12101', 'article_category_id' => '1', 'title' => 'Sharp Contraction in Commercial Banks' Lending, New Loan Extension Falls to Zero', 'sub_title' => '', 'summary' => 'With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. ', 'content' => '<h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. According to data provided by the Nepal Bankers’ Association (NBA), commercial banks registered Rs 16 billion of negative credit of their total loan extension in April-May (Baisakh) compared to March-April (Chaitra). The banks in March-April extended a total of Rs 42 billion in loans. The total loan extension of 27 commercial banks reached Rs 2,845 billion by March-April which declined by Rs 16 billion to Rs 2,829 billion in April-May. The total credit of banks become negative because of collection of old loans but zero extension of new loans. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">However, collection of deposits has remained satisfactory despite a dip in April-May. In March-April, commercial banks collected a total of Rs 49 billion in deposits which declined to Rs 30 billion in April-May. The total deposit collection of banks reached to Rs 3,219 billion in April-May from Rs 3,189 billion in March-April. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bhuvan Kumar Dahal, president of NBA said that halt in commercial and other transactions has negatively impacted the banking sector. “With no end in sight of the lockdown, industries and businesses have remained shut down. As a result, bank transactions have decreased sharply,” he mentioned. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bankers are having a hard time as the current situation does not allows for extension of new loans due to which interest rate income of banks is also following a declining trend. According to Dahal, the credit-to-core capital-deposit (CCD) ratio of commercial banks has decreased to 76 percent because of halt in extension of new loans. However, renewal of deposits is ongoing in banks. “The banking system therefore has adequate investment-grade liquidity at present which is being invested in government bonds such as treasury bills,” informed Dahal. </span></span></span></span></h2> ', 'published' => true, 'created' => '2020-06-01', 'modified' => '2020-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '11849', 'image' => '20200601032952_bank lending.jpg', 'article_date' => '2020-06-01 15:27:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '31' ), 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ), 'User' => array( 'password' => '*****', 'id' => '31', 'user_detail_id' => '1', 'group_id' => '1', 'username' => 'ssharma@newbusinessage.com', 'name' => null, 'email' => 'ssharma@newbusinessage.com', 'address' => null, 'gender' => null, 'access' => '1', 'phone' => null, 'access_type' => null, 'activated' => true, 'sortorder' => null, 'published' => null, 'created' => '2020-05-18 17:22:36', 'last_login' => '2020-08-04 21:55:15', 'ip' => '202.51.88.118' ), 'ArticleComment' => array(), 'ArticleFeature' => array(), 'ArticleHasAuthor' => array(), 'ArticleHasTag' => array(), 'ArticleView' => array( (int) 0 => array( 'article_id' => '12101', 'hit' => '1040' ) ), 'Slider' => array() ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/view.ctp, line 391 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'article' => array( 'Article' => array( 'id' => '12101', 'article_category_id' => '1', 'title' => 'Sharp Contraction in Commercial Banks' Lending, New Loan Extension Falls to Zero', 'sub_title' => '', 'summary' => 'With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. ', 'content' => '<h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. According to data provided by the Nepal Bankers’ Association (NBA), commercial banks registered Rs 16 billion of negative credit of their total loan extension in April-May (Baisakh) compared to March-April (Chaitra). The banks in March-April extended a total of Rs 42 billion in loans. The total loan extension of 27 commercial banks reached Rs 2,845 billion by March-April which declined by Rs 16 billion to Rs 2,829 billion in April-May. The total credit of banks become negative because of collection of old loans but zero extension of new loans. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">However, collection of deposits has remained satisfactory despite a dip in April-May. In March-April, commercial banks collected a total of Rs 49 billion in deposits which declined to Rs 30 billion in April-May. The total deposit collection of banks reached to Rs 3,219 billion in April-May from Rs 3,189 billion in March-April. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bhuvan Kumar Dahal, president of NBA said that halt in commercial and other transactions has negatively impacted the banking sector. “With no end in sight of the lockdown, industries and businesses have remained shut down. As a result, bank transactions have decreased sharply,” he mentioned. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bankers are having a hard time as the current situation does not allows for extension of new loans due to which interest rate income of banks is also following a declining trend. According to Dahal, the credit-to-core capital-deposit (CCD) ratio of commercial banks has decreased to 76 percent because of halt in extension of new loans. However, renewal of deposits is ongoing in banks. “The banking system therefore has adequate investment-grade liquidity at present which is being invested in government bonds such as treasury bills,” informed Dahal. </span></span></span></span></h2> ', 'published' => true, 'created' => '2020-06-01', 'modified' => '2020-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '11849', 'image' => '20200601032952_bank lending.jpg', 'article_date' => '2020-06-01 15:27:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '31' ), 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ), 'User' => array( 'password' => '*****', 'id' => '31', 'user_detail_id' => '1', 'group_id' => '1', 'username' => 'ssharma@newbusinessage.com', 'name' => null, 'email' => 'ssharma@newbusinessage.com', 'address' => null, 'gender' => null, 'access' => '1', 'phone' => null, 'access_type' => null, 'activated' => true, 'sortorder' => null, 'published' => null, 'created' => '2020-05-18 17:22:36', 'last_login' => '2020-08-04 21:55:15', 'ip' => '202.51.88.118' ), 'ArticleComment' => array(), 'ArticleFeature' => array(), 'ArticleHasAuthor' => array(), 'ArticleHasTag' => array(), 'ArticleView' => array( (int) 0 => array( [maximum depth reached] ) ), 'Slider' => array() ), 'current_user' => null, 'logged_in' => false ) $article = array( 'Article' => array( 'id' => '12101', 'article_category_id' => '1', 'title' => 'Sharp Contraction in Commercial Banks' Lending, New Loan Extension Falls to Zero', 'sub_title' => '', 'summary' => 'With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. ', 'content' => '<h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. According to data provided by the Nepal Bankers’ Association (NBA), commercial banks registered Rs 16 billion of negative credit of their total loan extension in April-May (Baisakh) compared to March-April (Chaitra). The banks in March-April extended a total of Rs 42 billion in loans. The total loan extension of 27 commercial banks reached Rs 2,845 billion by March-April which declined by Rs 16 billion to Rs 2,829 billion in April-May. The total credit of banks become negative because of collection of old loans but zero extension of new loans. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">However, collection of deposits has remained satisfactory despite a dip in April-May. In March-April, commercial banks collected a total of Rs 49 billion in deposits which declined to Rs 30 billion in April-May. The total deposit collection of banks reached to Rs 3,219 billion in April-May from Rs 3,189 billion in March-April. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bhuvan Kumar Dahal, president of NBA said that halt in commercial and other transactions has negatively impacted the banking sector. “With no end in sight of the lockdown, industries and businesses have remained shut down. As a result, bank transactions have decreased sharply,” he mentioned. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bankers are having a hard time as the current situation does not allows for extension of new loans due to which interest rate income of banks is also following a declining trend. According to Dahal, the credit-to-core capital-deposit (CCD) ratio of commercial banks has decreased to 76 percent because of halt in extension of new loans. However, renewal of deposits is ongoing in banks. “The banking system therefore has adequate investment-grade liquidity at present which is being invested in government bonds such as treasury bills,” informed Dahal. </span></span></span></span></h2> ', 'published' => true, 'created' => '2020-06-01', 'modified' => '2020-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '11849', 'image' => '20200601032952_bank lending.jpg', 'article_date' => '2020-06-01 15:27:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '31' ), 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ), 'User' => array( 'password' => '*****', 'id' => '31', 'user_detail_id' => '1', 'group_id' => '1', 'username' => 'ssharma@newbusinessage.com', 'name' => null, 'email' => 'ssharma@newbusinessage.com', 'address' => null, 'gender' => null, 'access' => '1', 'phone' => null, 'access_type' => null, 'activated' => true, 'sortorder' => null, 'published' => null, 'created' => '2020-05-18 17:22:36', 'last_login' => '2020-08-04 21:55:15', 'ip' => '202.51.88.118' ), 'ArticleComment' => array(), 'ArticleFeature' => array(), 'ArticleHasAuthor' => array(), 'ArticleHasTag' => array(), 'ArticleView' => array( (int) 0 => array( 'article_id' => '12101', 'hit' => '1040' ) ), 'Slider' => array() ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/view.ctp, line 391 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'article' => array( 'Article' => array( 'id' => '12101', 'article_category_id' => '1', 'title' => 'Sharp Contraction in Commercial Banks' Lending, New Loan Extension Falls to Zero', 'sub_title' => '', 'summary' => 'With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. ', 'content' => '<h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. According to data provided by the Nepal Bankers’ Association (NBA), commercial banks registered Rs 16 billion of negative credit of their total loan extension in April-May (Baisakh) compared to March-April (Chaitra). The banks in March-April extended a total of Rs 42 billion in loans. The total loan extension of 27 commercial banks reached Rs 2,845 billion by March-April which declined by Rs 16 billion to Rs 2,829 billion in April-May. The total credit of banks become negative because of collection of old loans but zero extension of new loans. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">However, collection of deposits has remained satisfactory despite a dip in April-May. In March-April, commercial banks collected a total of Rs 49 billion in deposits which declined to Rs 30 billion in April-May. The total deposit collection of banks reached to Rs 3,219 billion in April-May from Rs 3,189 billion in March-April. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bhuvan Kumar Dahal, president of NBA said that halt in commercial and other transactions has negatively impacted the banking sector. “With no end in sight of the lockdown, industries and businesses have remained shut down. As a result, bank transactions have decreased sharply,” he mentioned. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bankers are having a hard time as the current situation does not allows for extension of new loans due to which interest rate income of banks is also following a declining trend. According to Dahal, the credit-to-core capital-deposit (CCD) ratio of commercial banks has decreased to 76 percent because of halt in extension of new loans. However, renewal of deposits is ongoing in banks. “The banking system therefore has adequate investment-grade liquidity at present which is being invested in government bonds such as treasury bills,” informed Dahal. </span></span></span></span></h2> ', 'published' => true, 'created' => '2020-06-01', 'modified' => '2020-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '11849', 'image' => '20200601032952_bank lending.jpg', 'article_date' => '2020-06-01 15:27:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '31' ), 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ), 'User' => array( 'password' => '*****', 'id' => '31', 'user_detail_id' => '1', 'group_id' => '1', 'username' => 'ssharma@newbusinessage.com', 'name' => null, 'email' => 'ssharma@newbusinessage.com', 'address' => null, 'gender' => null, 'access' => '1', 'phone' => null, 'access_type' => null, 'activated' => true, 'sortorder' => null, 'published' => null, 'created' => '2020-05-18 17:22:36', 'last_login' => '2020-08-04 21:55:15', 'ip' => '202.51.88.118' ), 'ArticleComment' => array(), 'ArticleFeature' => array(), 'ArticleHasAuthor' => array(), 'ArticleHasTag' => array(), 'ArticleView' => array( (int) 0 => array( [maximum depth reached] ) ), 'Slider' => array() ), 'current_user' => null, 'logged_in' => false ) $article = array( 'Article' => array( 'id' => '12101', 'article_category_id' => '1', 'title' => 'Sharp Contraction in Commercial Banks' Lending, New Loan Extension Falls to Zero', 'sub_title' => '', 'summary' => 'With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. ', 'content' => '<h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">With the dwindling of credit demand due the lockdown imposed by the government, private sector lending of commercial banks has sharply contracted in the last month. According to data provided by the Nepal Bankers’ Association (NBA), commercial banks registered Rs 16 billion of negative credit of their total loan extension in April-May (Baisakh) compared to March-April (Chaitra). The banks in March-April extended a total of Rs 42 billion in loans. The total loan extension of 27 commercial banks reached Rs 2,845 billion by March-April which declined by Rs 16 billion to Rs 2,829 billion in April-May. The total credit of banks become negative because of collection of old loans but zero extension of new loans. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">However, collection of deposits has remained satisfactory despite a dip in April-May. In March-April, commercial banks collected a total of Rs 49 billion in deposits which declined to Rs 30 billion in April-May. The total deposit collection of banks reached to Rs 3,219 billion in April-May from Rs 3,189 billion in March-April. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bhuvan Kumar Dahal, president of NBA said that halt in commercial and other transactions has negatively impacted the banking sector. “With no end in sight of the lockdown, industries and businesses have remained shut down. As a result, bank transactions have decreased sharply,” he mentioned. </span></span></span></span></h2> <h2><span style="font-size:18pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:16.0pt"><span style="font-family:"Cambria",serif">Bankers are having a hard time as the current situation does not allows for extension of new loans due to which interest rate income of banks is also following a declining trend. According to Dahal, the credit-to-core capital-deposit (CCD) ratio of commercial banks has decreased to 76 percent because of halt in extension of new loans. However, renewal of deposits is ongoing in banks. “The banking system therefore has adequate investment-grade liquidity at present which is being invested in government bonds such as treasury bills,” informed Dahal. </span></span></span></span></h2> ', 'published' => true, 'created' => '2020-06-01', 'modified' => '2020-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '11849', 'image' => '20200601032952_bank lending.jpg', 'article_date' => '2020-06-01 15:27:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '31' ), 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ), 'User' => array( 'password' => '*****', 'id' => '31', 'user_detail_id' => '1', 'group_id' => '1', 'username' => 'ssharma@newbusinessage.com', 'name' => null, 'email' => 'ssharma@newbusinessage.com', 'address' => null, 'gender' => null, 'access' => '1', 'phone' => null, 'access_type' => null, 'activated' => true, 'sortorder' => null, 'published' => null, 'created' => '2020-05-18 17:22:36', 'last_login' => '2020-08-04 21:55:15', 'ip' => '202.51.88.118' ), 'ArticleComment' => array(), 'ArticleFeature' => array(), 'ArticleHasAuthor' => array(), 'ArticleHasTag' => array(), 'ArticleView' => array( (int) 0 => array( 'article_id' => '12101', 'hit' => '1040' ) ), 'Slider' => array() ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/view.ctp, line 391 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
