KATHMANDU, April 18 -- NRB aimed to boost BFIs' private sector lending by 11.5 percent through its monetary policy for FY 2023/24

Nepali banks and financial institutions (BFIs) increased their lending by 4.3 percent in the first eight months of the current Fiscal Year (FY) 2023/24.

A report unveiled by Nepal Rastra Bank (NRB) shows that the BFIs issued loans worth Rs 4.879 trillion to the private sector by the end of fiscal year 2022/23. As of mid-March this fiscal year, the figure increased to Rs 5.087 trillion.

This indicates that the BFIs issued additional loans totaling Rs 208 billion over the period. Of the total amount, lending on personal home loans (under the category of up to Rs 20 million) increased by 10.4 percent to Rs 384 ...