Nepal, July 14 -- Commercial banks, development banks and finance companies earned net profits of Rs 60.24 billion in the first 11 months of the current fiscal year (FY). According to statistics unveiled by Nepal Rastra Bank (NRB), commercial banks earned total profits of Rs 53.97 billion, development banks earned Rs 5.46 billion and finance companies recorded net profits of Rs 806.1 million in the review period. Among the commercial banks, Nabil Bank and Global IME Bank secured profits of Rs 6.40 billion and 6.03 billion, respectively.

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