Bankers have today appraised the care-taker Prime Minister Madhav Kumar Nepal about the problem faced by banking sector including liquidity crunch and their investment on crusher industry.
The commercial banks are currently facing liquidity crunch due to delayed full-fledged budget coupled with diversion of deposits to other financial institutions offering higher interest rates.
According to the central bank, in the first four months of current fiscal year (mid-November) total government spending increased by only 1.8 per cent to Rs 51.54 billion, compared to an increase of 36.5 per cent in the same period of last year, creating tight liquidity situastion in the market.
Nepal Rastra Bank (NRB) data reveals that the deposit, which stood at around Rs 620 billion in mid-July 2010, currently stands at around Rs 623 billion.
The government spending has dropped sqeezing the liquidity in the market due to delayed full-fledged budget by four months than the regular schedule. The government spending creates more liquidity in the market as the money pumped by the government attracts private sector money too.
Due to liquidity crunch the Credit to Deposit (CD) ratio of commercial banks has also gone up from the central bank-fixed ratio of 85 per cent.
Not only the much delayed budget but also the higher interest rates offered by finance companies and cooperatives -- that are offering over 15 per cent interest -- have sqeezed liquidity from the commecial banks.
According to the central bank, the deposit mobilisation of commercial banks has declined by Rs 4.5 billion during the first four months of 2010-11 against a growth of Rs 19 billion in the same period last year. The central bank attributed the decline in deposit mobilisation by commercial banks to the diversion of deposit to other financial institutions on account of relatively higher interest rate offered by them.
The bankers also sought a clear policy regarding the crusher industries with the Prime Minister Nepal. "The commercial banks have floated Rs 6 billion loan to the crusher industry," according to president of Nepal Bankers Association (NBA) ans CEO of NIC Bank Sashin Joshi.
However, the lending to crusher industry stads at Rs 10 billion, including lending from other financial institutions too.
15 comments:
An interesting discussion is value comment. I think that you should
write extra on this matter, it might not be a taboo subject however typically people are not enough to speak on such
topics. To the next. Cheers
my website: dating site with
Hi, Neat post. There's a problem with your site in internet explorer, would test this� IE still is the market leader and a big portion of people will miss your wonderful writing because of this problem.
my web page :: t3udon.ac.th
That is very attention-grabbing, You're an excessively professional blogger. I have joined your rss feed and look ahead to in quest of extra of your excellent post. Also, I have shared your web site in my social networks!
Also visit my blog: free online dating websites
Somebody essentially lend a hand to make seriously posts I'd state. That is the first time I frequented your web page and to this point? I surprised with the research you made to make this actual submit amazing. Fantastic task!
my page sex facebook
Magnificent items from you, man. I've consider your stuff prior to and you're simply too wonderful.
I really like what you've got here, really like what you're stating and the way during which you assert it.
You make it enjoyable and you continue to take care of to keep it sensible.
I can not wait to learn much more from you.
That is actually a terrific web site.
my web-site - http://facebookpen.com/
ngs, abdomen, or the sac which actually encircles one's heart. Thanks for sharing your ideas.
my web-site: www.fitnesshappiness.com
Howdy! Do you know if they make any plugins to help with SEO?
I'm trying to get my blog to rank for some targeted keywords but I'm not seeing
very good gains. If you know of any please share.
Cheers!
Feel free to visit my web blog - http://www.wrenemerson.com/
In line with my observation, after a property foreclosure home is available at a sale, it is common for any
borrower in order to still have any remaining unpaid debt
on the mortgage loan. There are many loan providers who attempt to
have all rates and liens paid by the next buyer.
Nonetheless, depending on certain programs, legislation, and state regulations
there may be many loans which are not easily sorted out through the shift of loans.
Therefore, the duty still lies on the debtor that has acquired his or her property foreclosed on.
Thank you for sharing your thinking on this website.
Have a look at my web page: columbiacycleworks.com
Here is my web site dati ng
Wow! Thank you! I continually wanted to write on my site something like that.
Can I implement a fragment of your post to my site?
My site - rahpouyan.eu
I am curious to find out what blog platform you are utilizing?
I'm experiencing some minor security issues with my latest site and I'd like to find something
more safeguarded. Do you have any suggestions?
Look at my webpage: smart dating
Thanks a lot for the helpful post. It is also my belief that mesothelioma cancer has an extremely long latency interval, which means that the signs of the disease won't emerge till 30 to 50 years after the initial exposure to mesothelioma. Pleural mesothelioma, that is certainly the most common sort and affects the area within the lungs, might result in shortness of breath, chest muscles pains, as well as a persistent coughing, which may cause coughing up bloodstream.
Look at my web site skype sex
My programmer is trying to persuade me to move to .
net from PHP. I have always disliked the idea because of
the expenses. But he's tryiong none the less. I've been using Movable-type on a variety of websites for about a year and am anxious
about switching to another platform. I have heard excellent things about blogengine.
net. Is there a way I can transfer all my wordpress posts
into it? Any help would be really appreciated!
Feel free to surf to my web page; skype sex
I do enjoy the manner in which you have framed this matter plus it really does give us a lot of fodder
for consideration. However, from what precisely I have personally seen, I simply just wish when the
remarks pile on that people today keep on point and don't get started on a soap box of some other news du jour. Anyway, thank you for this exceptional piece and while I do not go along with the idea in totality, I regard your standpoint.
My page; fuckbook
Great items from you, man. I've take into accout your stuff prior to and you're just too wonderful.
I actually like what you've acquired right here, certainly like what you are saying and the best way through which you assert it. You're making it enjoyable and you continue to
take care of to keep it wise. I cant wait to learn much more from you.
This is actually a tremendous web site.
My blog :: facebook for sex
Post a Comment