Commercial Banks Forwarded Rs. 11.84 Arba Loan in Magh, Most of it Went to Wholesale and Retail

The central bank has published the data regarding loans and advances disbursed by commercial banks till the first seven months of the current fiscal year 2078/79.

According to Nepal Rastra Bank's report, commercial banks have deployed Rs. 41.55 Kharba on different sectors till Magh end FY 78/79. This figure was Rs. 41.43 Kharba till Poush. Commercial banks have disbursed loans worth only Rs. 11.84 Arba in the month of Magh due to the ongoing liquidity shortage in the economy.

It is apparent that commercial banks have extended the majority of lending towards the Wholesaler and Retailers sector, i.e. Rs. 8.69 Kharba by the end of Magh. The maximum concentration of credit is under Wholesaler and Retailers, Consumption Loans, and Agriculture, Forestry & Beverage related production sectors: 21.30%, 17.94%, and 17.79% respectively.