Banks and financial institutions (BFIs) have shown signs of economic recovery by issuing loans worth Rs 368 billion in the first 10 months of the current Fiscal Year (FY).
This represents a 7.3 percent increase in loan investments compared to the end of last Asar (mid-July 2024). In contrast, during the same period last year, loan growth was just 4.7 percent, totaling Rs 225.24 billion.
Although the Nepal Rastra Bank had projected a 12.5 percent growth in loan investments for the current fiscal year, it now appears that BFIs may fall short of meeting that target.
