Commercial Banks' Q1 Analysis: Total Deposits increase by 19.34%

The total deposit collection in the commercial banking sector up to Q1 2072 is Rs.14.93 kharba. This is an increase of 19.34% compared to the figures of Q1 2071. The banks have an average of Rs.49.79 arba in deposits. This was Rs.41.72 arba in Q1 2071. Rastriya Banijya Bank has the highest deposits of Rs.1.24 kharba and Grand Bank Ltd. has the lowest deposits with Rs.7.35 arba. Five banks account for one third (32.63%) of the total deposits in the commercial banking sector. The bottom 15 banks account for just 29.90% of the total deposits in the sector. Prabhu Bank Ltd. registered the highest increase in deposit collection when compared to Q1 last year.   Total domestic currency deposits in the commercial banking sector stands at Rs.13.98 kharba. The average domestic currency deposits in the commercial banks is Rs.46.61 arba. The average increase in domestic currency deposits per bank Q1 to Q1 has been Rs.7.95 arba. The bank with the lowest domestic currency deposits in both Q1 2071 and Q1 2072 is Grand Bank Ltd. while the bank with the highest domestic currency deposits in both Q1 2071 and Q1 2072 is Rastriya Banijya Bank Ltd. NMB has managed the highest percentage increase in domestic deposit collection with an increase of 51.70% followed by Prabhu Bank Ltd. which managed an increase of 43.27%. Seven banks increased their domestic currency deposits by Rs.10 arba or more. NABIL tops the list with an increase of Rs.23.68 arba closely followed by NIB (Rs.20.59 arba) and RASTRIYA (Rs.19.24 arba). Only Grand bank decreased its domestic currency deposits. Its deposits decreased by half and remains at Rs.7.17 arba as opposed to Rs.14.69 arba during the same period last FY. The total foreign currency deposits in the commercial banking sector stands at Rs.95.17 arba with an average foreign currency deposit per bank of Rs.3.17 arba. The average increase in foreign currency deposits Q1 to Q1 has been Rs.11.63 crores. The bank with the highest foreign currency deposits in both Q1 2071 and Q1 2072 is Standard Chartered Bank Ltd. The bank has Rs.20.17 arba in foreign currency deposits as of Q1 2072. The bank with the lowest foreign currency deposits in both Q1 2071 and Q1 2072 is Agricultural Development Bank Ltd. It has just Rs.58.67 lakh in foreign currency deposits as of Q1 2072 and had Rs1.54 crores worth of foreign currency deposits during the same period last year. Prabhu Bank has managed the highest percentage increase in foreign deposit collection with an increase of 188.43% closely followed by Mega Bank Ltd. and Nepal Bangladesh Bank Ltd. which have both managed to increase their foreign currency deposits by more than 100% in the past FY. Three banks increased their foreign currency deposits by Rs.10 crores or more. Here too, NABIL tops the list with an increase of Rs.56.54 crores. 16 banks increased their foreign currency deposits while 14 others decresed their deposits.