Kaski banks’ deposit touches Rs 25.65bn

Total deposit in all banks and financial institutions in Kaski has reached Rs. 25.65 billion.Of the total deposit, 75 percent is in savings. The customers have been lured towards savings account as they can withdraw their deposit easily without extra charge on this account and also get interest, said Nepal Rastra Bank’s Pokhara branch manager Keshav Thapa.
Similarly, Rs 4.48 billion has been put into the fixed account and Rs 1.72 billion in the current account. Customers have to pay an extra charge to withdraw money before the fixed date from the fixed account whereas the current account does not give any interest.
Of the total deposit, 23 per cent has been deposited in joint investment banks, 19 per cent in private banks, five per cent in NRB, 26 per cent in all commercial banks, two per cent in agricultural banks, 20 per cent in development banks and 0.11 per cent in others.
There are 89 central offices and branches of commercial and development banks and financial institutions in the Syangja district.
Around 42 offices of 22 commercial banks, 32 offices of 23 development banks and 16 offices of 12 finances including others are carrying out transactions in the district.
Some 89 per cent of the total deposit has been invested in different sectors. Of the total investment, 19 per cent has been invested in whole-sellers and retailers, said Thapa.
Source: THT