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<p>Although loan demand has escalated, interest rates, however, has not increased. At present, the average interest rate in short-term loan is at 6 percent. It was 5.5 percent during blockade period. Nevertheless, with the improving demand of loans, there is possibility of rise in interest rate too. Interest rates provided by the banks in deposits have not risen as lending rates has not increased yet.</p>
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<p>Similarly, loan demand has not brought down excess liquidity prevailing in the banking system. Commercial banks still have Rs 1.488 trillion in deposits and Rs 161 billion in core capital which means that banking system still has Rs 100 billion of investment-grade liquidity. Nepal Rastra Bank (NRB) has been using several instruments such as deposit collection, bond issuance etc to mop-up excess liquidity from the market. Nevertheless, these short-term instruments have not contributed in reducing the excessive liquidity.</p>
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April 1: Commercial banks loans have increased by 3 percent following the end of strikes in Terai and Indian blockade earlier in February. As of mid-March, the commercial banks have boosted their lending to a total of Rs 1.218 trillion from Rs 1.184 trillion from mid-February. “The growth of loan investments during the one month period should be taken as positive indication,” says Bhuwan Dhahal, CEO of Sanima Bank. He adds, “As construction works are gradually taking pace, demand of loan in this sector has amplified.” Bankers informed that demand of loans is increasing in all sectors.
Although loan demand has escalated, interest rates, however, has not increased. At present, the average interest rate in short-term loan is at 6 percent. It was 5.5 percent during blockade period. Nevertheless, with the improving demand of loans, there is possibility of rise in interest rate too. Interest rates provided by the banks in deposits have not risen as lending rates has not increased yet.
Similarly, loan demand has not brought down excess liquidity prevailing in the banking system. Commercial banks still have Rs 1.488 trillion in deposits and Rs 161 billion in core capital which means that banking system still has Rs 100 billion of investment-grade liquidity. Nepal Rastra Bank (NRB) has been using several instruments such as deposit collection, bond issuance etc to mop-up excess liquidity from the market. Nevertheless, these short-term instruments have not contributed in reducing the excessive liquidity.
Among the amount mopped up by NRB, Rs 50 billion has already returned to the market after maturity by mid-March. Likewise, Rs 73 billion which had been absorbed by reverse repo by NRB has also returned to market after maturity in January. Recently, NRB issued a 7 days reverse repo worth Rs 500 million and has collected deposit of Rs 11.2 billion from the money market. Banks have been showered with excess liquidity due to rising inflow of remittances. As of mid-January, the remittance inflow has increased by 16 percent to Rs 375 billion compared to the same period of last year. Bankers say that once the government’s capital expenditure increases, loan investments will further grow resulting in the decrease in liquidity levels.
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'content' => '<p>April 1: Commercial banks loans have increased by 3 percent following the end of strikes in Terai and Indian blockade earlier in February. As of mid-March, the commercial banks have boosted their lending to a total of Rs 1.218 trillion from Rs 1.184 trillion from mid-February. “The growth of loan investments during the one month period should be taken as positive indication,” says Bhuwan Dhahal, CEO of Sanima Bank. He adds, “As construction works are gradually taking pace, demand of loan in this sector has amplified.” Bankers informed that demand of loans is increasing in all sectors.</p>
<p>Although loan demand has escalated, interest rates, however, has not increased. At present, the average interest rate in short-term loan is at 6 percent. It was 5.5 percent during blockade period. Nevertheless, with the improving demand of loans, there is possibility of rise in interest rate too. Interest rates provided by the banks in deposits have not risen as lending rates has not increased yet.</p>
<p>Similarly, loan demand has not brought down excess liquidity prevailing in the banking system. Commercial banks still have Rs 1.488 trillion in deposits and Rs 161 billion in core capital which means that banking system still has Rs 100 billion of investment-grade liquidity. Nepal Rastra Bank (NRB) has been using several instruments such as deposit collection, bond issuance etc to mop-up excess liquidity from the market. Nevertheless, these short-term instruments have not contributed in reducing the excessive liquidity.</p>
<p>Among the amount mopped up by NRB, Rs 50 billion has already returned to the market after maturity by mid-March. Likewise, Rs 73 billion which had been absorbed by reverse repo by NRB has also returned to market after maturity in January. Recently, NRB issued a 7 days reverse repo worth Rs 500 million and has collected deposit of Rs 11.2 billion from the money market. Banks have been showered with excess liquidity due to rising inflow of remittances. As of mid-January, the remittance inflow has increased by 16 percent to Rs 375 billion compared to the same period of last year. Bankers say that once the government’s capital expenditure increases, loan investments will further grow resulting in the decrease in liquidity levels.</p>
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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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]
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<p>Although loan demand has escalated, interest rates, however, has not increased. At present, the average interest rate in short-term loan is at 6 percent. It was 5.5 percent during blockade period. Nevertheless, with the improving demand of loans, there is possibility of rise in interest rate too. Interest rates provided by the banks in deposits have not risen as lending rates has not increased yet.</p>
<p>Similarly, loan demand has not brought down excess liquidity prevailing in the banking system. Commercial banks still have Rs 1.488 trillion in deposits and Rs 161 billion in core capital which means that banking system still has Rs 100 billion of investment-grade liquidity. Nepal Rastra Bank (NRB) has been using several instruments such as deposit collection, bond issuance etc to mop-up excess liquidity from the market. Nevertheless, these short-term instruments have not contributed in reducing the excessive liquidity.</p>
<p>Among the amount mopped up by NRB, Rs 50 billion has already returned to the market after maturity by mid-March. Likewise, Rs 73 billion which had been absorbed by reverse repo by NRB has also returned to market after maturity in January. Recently, NRB issued a 7 days reverse repo worth Rs 500 million and has collected deposit of Rs 11.2 billion from the money market. Banks have been showered with excess liquidity due to rising inflow of remittances. As of mid-January, the remittance inflow has increased by 16 percent to Rs 375 billion compared to the same period of last year. Bankers say that once the government’s capital expenditure increases, loan investments will further grow resulting in the decrease in liquidity levels.</p>
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<p>Although loan demand has escalated, interest rates, however, has not increased. At present, the average interest rate in short-term loan is at 6 percent. It was 5.5 percent during blockade period. Nevertheless, with the improving demand of loans, there is possibility of rise in interest rate too. Interest rates provided by the banks in deposits have not risen as lending rates has not increased yet.</p>
<p>Similarly, loan demand has not brought down excess liquidity prevailing in the banking system. Commercial banks still have Rs 1.488 trillion in deposits and Rs 161 billion in core capital which means that banking system still has Rs 100 billion of investment-grade liquidity. Nepal Rastra Bank (NRB) has been using several instruments such as deposit collection, bond issuance etc to mop-up excess liquidity from the market. Nevertheless, these short-term instruments have not contributed in reducing the excessive liquidity.</p>
<p>Among the amount mopped up by NRB, Rs 50 billion has already returned to the market after maturity by mid-March. Likewise, Rs 73 billion which had been absorbed by reverse repo by NRB has also returned to market after maturity in January. Recently, NRB issued a 7 days reverse repo worth Rs 500 million and has collected deposit of Rs 11.2 billion from the money market. Banks have been showered with excess liquidity due to rising inflow of remittances. As of mid-January, the remittance inflow has increased by 16 percent to Rs 375 billion compared to the same period of last year. Bankers say that once the government’s capital expenditure increases, loan investments will further grow resulting in the decrease in liquidity levels.</p>
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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