Nepal, June 10 -- 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).

They boosted their loan investments by 7.3 percent compared to the end of last Asar (mid-July 2024). During the same period last year, their loan investments had increased by just 4.7 percent, totaling Rs 225.24 billion.

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Although Nepal Rastra Bank projected a 12.5 percent growth in loan investments for the current fiscal year, BFIs now appear unlikely to meet that target.

Published by HT Digital Content Services with permission from Republica....