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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The survey shows that merger of banks are also on the rise and the expansion of banking and financial institutions is also taking place, thereby ensuring citizen's access to finance.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As of mid-March 2023, the number of depositors’ accounts stood at 49,205,000 while the number of credit account was 1.8 million. According to the Economic Survey, there are 20.6 million mobile banking users in the country while as many as 1.7 million people have subscribed to internet banking service. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The merger and acquisition of bank has not discouraged digital banking, states the survey report unveiled by Finance Minister Prakash Sharan Mahat. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif""> Similarly, the number of people opting for digital payment via QR Code also increased significantly in the review period. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, <span style="font-family:"Arial Unicode MS","sans-serif"">there are 21 commercial banks, 17 development banks, 17 finance companies, 64 micro finances and one infrastructure development bank to make up a total of 120 banking and financial institutions. Likewise, there are 31,373 cooperatives in Nepal, the report states.</span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The number of insurance companies including re-insurance company stands at 36. </span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The survey shows that merger of banks are also on the rise and the expansion of banking and financial institutions is also taking place, thereby ensuring citizen's access to finance.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As of mid-March 2023, the number of depositors’ accounts stood at 49,205,000 while the number of credit account was 1.8 million. According to the Economic Survey, there are 20.6 million mobile banking users in the country while as many as 1.7 million people have subscribed to internet banking service. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The merger and acquisition of bank has not discouraged digital banking, states the survey report unveiled by Finance Minister Prakash Sharan Mahat. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif""> Similarly, the number of people opting for digital payment via QR Code also increased significantly in the review period. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, <span style="font-family:"Arial Unicode MS","sans-serif"">there are 21 commercial banks, 17 development banks, 17 finance companies, 64 micro finances and one infrastructure development bank to make up a total of 120 banking and financial institutions. Likewise, there are 31,373 cooperatives in Nepal, the report states.</span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The number of insurance companies including re-insurance company stands at 36. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In terms of the property of financial system and liability, banking sector occupies significant size of 86.6 percent, added the report. -- RSS </span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The survey shows that merger of banks are also on the rise and the expansion of banking and financial institutions is also taking place, thereby ensuring citizen's access to finance.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As of mid-March 2023, the number of depositors’ accounts stood at 49,205,000 while the number of credit account was 1.8 million. According to the Economic Survey, there are 20.6 million mobile banking users in the country while as many as 1.7 million people have subscribed to internet banking service. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The merger and acquisition of bank has not discouraged digital banking, states the survey report unveiled by Finance Minister Prakash Sharan Mahat. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif""> Similarly, the number of people opting for digital payment via QR Code also increased significantly in the review period. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, <span style="font-family:"Arial Unicode MS","sans-serif"">there are 21 commercial banks, 17 development banks, 17 finance companies, 64 micro finances and one infrastructure development bank to make up a total of 120 banking and financial institutions. Likewise, there are 31,373 cooperatives in Nepal, the report states.</span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The number of insurance companies including re-insurance company stands at 36. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In terms of the property of financial system and liability, banking sector occupies significant size of 86.6 percent, added the report. -- RSS </span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The survey shows that merger of banks are also on the rise and the expansion of banking and financial institutions is also taking place, thereby ensuring citizen's access to finance.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As of mid-March 2023, the number of depositors’ accounts stood at 49,205,000 while the number of credit account was 1.8 million. According to the Economic Survey, there are 20.6 million mobile banking users in the country while as many as 1.7 million people have subscribed to internet banking service. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The merger and acquisition of bank has not discouraged digital banking, states the survey report unveiled by Finance Minister Prakash Sharan Mahat. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif""> Similarly, the number of people opting for digital payment via QR Code also increased significantly in the review period. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, <span style="font-family:"Arial Unicode MS","sans-serif"">there are 21 commercial banks, 17 development banks, 17 finance companies, 64 micro finances and one infrastructure development bank to make up a total of 120 banking and financial institutions. Likewise, there are 31,373 cooperatives in Nepal, the report states.</span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The number of insurance companies including re-insurance company stands at 36. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In terms of the property of financial system and liability, banking sector occupies significant size of 86.6 percent, added the report. -- RSS </span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The survey shows that merger of banks are also on the rise and the expansion of banking and financial institutions is also taking place, thereby ensuring citizen's access to finance.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As of mid-March 2023, the number of depositors’ accounts stood at 49,205,000 while the number of credit account was 1.8 million. According to the Economic Survey, there are 20.6 million mobile banking users in the country while as many as 1.7 million people have subscribed to internet banking service. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The merger and acquisition of bank has not discouraged digital banking, states the survey report unveiled by Finance Minister Prakash Sharan Mahat. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif""> Similarly, the number of people opting for digital payment via QR Code also increased significantly in the review period. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, <span style="font-family:"Arial Unicode MS","sans-serif"">there are 21 commercial banks, 17 development banks, 17 finance companies, 64 micro finances and one infrastructure development bank to make up a total of 120 banking and financial institutions. Likewise, there are 31,373 cooperatives in Nepal, the report states.</span><br />
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The survey shows that merger of banks are also on the rise and the expansion of banking and financial institutions is also taking place, thereby ensuring citizen's access to finance.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As of mid-March 2023, the number of depositors’ accounts stood at 49,205,000 while the number of credit account was 1.8 million. According to the Economic Survey, there are 20.6 million mobile banking users in the country while as many as 1.7 million people have subscribed to internet banking service. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The merger and acquisition of bank has not discouraged digital banking, states the survey report unveiled by Finance Minister Prakash Sharan Mahat. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif""> Similarly, the number of people opting for digital payment via QR Code also increased significantly in the review period. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, <span style="font-family:"Arial Unicode MS","sans-serif"">there are 21 commercial banks, 17 development banks, 17 finance companies, 64 micro finances and one infrastructure development bank to make up a total of 120 banking and financial institutions. Likewise, there are 31,373 cooperatives in Nepal, the report states.</span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The number of insurance companies including re-insurance company stands at 36. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In terms of the property of financial system and liability, banking sector occupies significant size of 86.6 percent, added the report. -- RSS </span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The survey shows that merger of banks are also on the rise and the expansion of banking and financial institutions is also taking place, thereby ensuring citizen's access to finance.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As of mid-March 2023, the number of depositors’ accounts stood at 49,205,000 while the number of credit account was 1.8 million. According to the Economic Survey, there are 20.6 million mobile banking users in the country while as many as 1.7 million people have subscribed to internet banking service. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The merger and acquisition of bank has not discouraged digital banking, states the survey report unveiled by Finance Minister Prakash Sharan Mahat. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif""> Similarly, the number of people opting for digital payment via QR Code also increased significantly in the review period. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, <span style="font-family:"Arial Unicode MS","sans-serif"">there are 21 commercial banks, 17 development banks, 17 finance companies, 64 micro finances and one infrastructure development bank to make up a total of 120 banking and financial institutions. Likewise, there are 31,373 cooperatives in Nepal, the report states.</span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The number of insurance companies including re-insurance company stands at 36. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In terms of the property of financial system and liability, banking sector occupies significant size of 86.6 percent, added the report. -- RSS </span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The survey shows that merger of banks are also on the rise and the expansion of banking and financial institutions is also taking place, thereby ensuring citizen's access to finance.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As of mid-March 2023, the number of depositors’ accounts stood at 49,205,000 while the number of credit account was 1.8 million. According to the Economic Survey, there are 20.6 million mobile banking users in the country while as many as 1.7 million people have subscribed to internet banking service. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The merger and acquisition of bank has not discouraged digital banking, states the survey report unveiled by Finance Minister Prakash Sharan Mahat. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif""> Similarly, the number of people opting for digital payment via QR Code also increased significantly in the review period. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, <span style="font-family:"Arial Unicode MS","sans-serif"">there are 21 commercial banks, 17 development banks, 17 finance companies, 64 micro finances and one infrastructure development bank to make up a total of 120 banking and financial institutions. Likewise, there are 31,373 cooperatives in Nepal, the report states.</span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The number of insurance companies including re-insurance company stands at 36. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In terms of the property of financial system and liability, banking sector occupies significant size of 86.6 percent, added the report. -- RSS </span></span></span></p>
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May 29: Citizens’ access to finance has increased in the country of late, according to the Economic Survey 2022/23 report released by the government on Sunday.
The survey shows that merger of banks are also on the rise and the expansion of banking and financial institutions is also taking place, thereby ensuring citizen's access to finance.
As of mid-March 2023, the number of depositors’ accounts stood at 49,205,000 while the number of credit account was 1.8 million. According to the Economic Survey, there are 20.6 million mobile banking users in the country while as many as 1.7 million people have subscribed to internet banking service.
The merger and acquisition of bank has not discouraged digital banking, states the survey report unveiled by Finance Minister Prakash Sharan Mahat. Similarly, the number of people opting for digital payment via QR Code also increased significantly in the review period.
Currently, there are 21 commercial banks, 17 development banks, 17 finance companies, 64 micro finances and one infrastructure development bank to make up a total of 120 banking and financial institutions. Likewise, there are 31,373 cooperatives in Nepal, the report states. The number of insurance companies including re-insurance company stands at 36.
In terms of the property of financial system and liability, banking sector occupies significant size of 86.6 percent, added the report. -- RSS
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The survey shows that merger of banks are also on the rise and the expansion of banking and financial institutions is also taking place, thereby ensuring citizen's access to finance.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As of mid-March 2023, the number of depositors’ accounts stood at 49,205,000 while the number of credit account was 1.8 million. According to the Economic Survey, there are 20.6 million mobile banking users in the country while as many as 1.7 million people have subscribed to internet banking service. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The merger and acquisition of bank has not discouraged digital banking, states the survey report unveiled by Finance Minister Prakash Sharan Mahat. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif""> Similarly, the number of people opting for digital payment via QR Code also increased significantly in the review period. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, <span style="font-family:"Arial Unicode MS","sans-serif"">there are 21 commercial banks, 17 development banks, 17 finance companies, 64 micro finances and one infrastructure development bank to make up a total of 120 banking and financial institutions. Likewise, there are 31,373 cooperatives in Nepal, the report states.</span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The number of insurance companies including re-insurance company stands at 36. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In terms of the property of financial system and liability, banking sector occupies significant size of 86.6 percent, added the report. -- RSS </span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The survey shows that merger of banks are also on the rise and the expansion of banking and financial institutions is also taking place, thereby ensuring citizen's access to finance.</span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The merger and acquisition of bank has not discouraged digital banking, states the survey report unveiled by Finance Minister Prakash Sharan Mahat. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif""> Similarly, the number of people opting for digital payment via QR Code also increased significantly in the review period. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, <span style="font-family:"Arial Unicode MS","sans-serif"">there are 21 commercial banks, 17 development banks, 17 finance companies, 64 micro finances and one infrastructure development bank to make up a total of 120 banking and financial institutions. Likewise, there are 31,373 cooperatives in Nepal, the report states.</span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The number of insurance companies including re-insurance company stands at 36. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In terms of the property of financial system and liability, banking sector occupies significant size of 86.6 percent, added the report. -- RSS </span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The survey shows that merger of banks are also on the rise and the expansion of banking and financial institutions is also taking place, thereby ensuring citizen's access to finance.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As of mid-March 2023, the number of depositors’ accounts stood at 49,205,000 while the number of credit account was 1.8 million. According to the Economic Survey, there are 20.6 million mobile banking users in the country while as many as 1.7 million people have subscribed to internet banking service. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The merger and acquisition of bank has not discouraged digital banking, states the survey report unveiled by Finance Minister Prakash Sharan Mahat. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif""> Similarly, the number of people opting for digital payment via QR Code also increased significantly in the review period. </span></span></span></p>
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<span style="font-family:"Arial Unicode MS","sans-serif"">The number of insurance companies including re-insurance company stands at 36. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In terms of the property of financial system and liability, banking sector occupies significant size of 86.6 percent, added the report. -- RSS </span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The survey shows that merger of banks are also on the rise and the expansion of banking and financial institutions is also taking place, thereby ensuring citizen's access to finance.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As of mid-March 2023, the number of depositors’ accounts stood at 49,205,000 while the number of credit account was 1.8 million. According to the Economic Survey, there are 20.6 million mobile banking users in the country while as many as 1.7 million people have subscribed to internet banking service. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The merger and acquisition of bank has not discouraged digital banking, states the survey report unveiled by Finance Minister Prakash Sharan Mahat. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif""> Similarly, the number of people opting for digital payment via QR Code also increased significantly in the review period. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, <span style="font-family:"Arial Unicode MS","sans-serif"">there are 21 commercial banks, 17 development banks, 17 finance companies, 64 micro finances and one infrastructure development bank to make up a total of 120 banking and financial institutions. Likewise, there are 31,373 cooperatives in Nepal, the report states.</span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The number of insurance companies including re-insurance company stands at 36. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In terms of the property of financial system and liability, banking sector occupies significant size of 86.6 percent, added the report. -- RSS </span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The survey shows that merger of banks are also on the rise and the expansion of banking and financial institutions is also taking place, thereby ensuring citizen's access to finance.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As of mid-March 2023, the number of depositors’ accounts stood at 49,205,000 while the number of credit account was 1.8 million. According to the Economic Survey, there are 20.6 million mobile banking users in the country while as many as 1.7 million people have subscribed to internet banking service. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The merger and acquisition of bank has not discouraged digital banking, states the survey report unveiled by Finance Minister Prakash Sharan Mahat. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif""> Similarly, the number of people opting for digital payment via QR Code also increased significantly in the review period. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, <span style="font-family:"Arial Unicode MS","sans-serif"">there are 21 commercial banks, 17 development banks, 17 finance companies, 64 micro finances and one infrastructure development bank to make up a total of 120 banking and financial institutions. Likewise, there are 31,373 cooperatives in Nepal, the report states.</span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The number of insurance companies including re-insurance company stands at 36. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In terms of the property of financial system and liability, banking sector occupies significant size of 86.6 percent, added the report. -- RSS </span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The survey shows that merger of banks are also on the rise and the expansion of banking and financial institutions is also taking place, thereby ensuring citizen's access to finance.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As of mid-March 2023, the number of depositors’ accounts stood at 49,205,000 while the number of credit account was 1.8 million. According to the Economic Survey, there are 20.6 million mobile banking users in the country while as many as 1.7 million people have subscribed to internet banking service. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The merger and acquisition of bank has not discouraged digital banking, states the survey report unveiled by Finance Minister Prakash Sharan Mahat. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif""> Similarly, the number of people opting for digital payment via QR Code also increased significantly in the review period. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, <span style="font-family:"Arial Unicode MS","sans-serif"">there are 21 commercial banks, 17 development banks, 17 finance companies, 64 micro finances and one infrastructure development bank to make up a total of 120 banking and financial institutions. Likewise, there are 31,373 cooperatives in Nepal, the report states.</span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The number of insurance companies including re-insurance company stands at 36. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In terms of the property of financial system and liability, banking sector occupies significant size of 86.6 percent, added the report. -- RSS </span></span></span></p>
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The survey shows that merger of banks are also on the rise and the expansion of banking and financial institutions is also taking place, thereby ensuring citizen's access to finance.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As of mid-March 2023, the number of depositors’ accounts stood at 49,205,000 while the number of credit account was 1.8 million. According to the Economic Survey, there are 20.6 million mobile banking users in the country while as many as 1.7 million people have subscribed to internet banking service. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The merger and acquisition of bank has not discouraged digital banking, states the survey report unveiled by Finance Minister Prakash Sharan Mahat. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif""> Similarly, the number of people opting for digital payment via QR Code also increased significantly in the review period. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, <span style="font-family:"Arial Unicode MS","sans-serif"">there are 21 commercial banks, 17 development banks, 17 finance companies, 64 micro finances and one infrastructure development bank to make up a total of 120 banking and financial institutions. Likewise, there are 31,373 cooperatives in Nepal, the report states.</span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The number of insurance companies including re-insurance company stands at 36. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In terms of the property of financial system and liability, banking sector occupies significant size of 86.6 percent, added the report. -- RSS </span></span></span></p>
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'title' => 'Access to Finance Increasing: Economic Survey',
'sub_title' => 'Nearly 50 million depositors’ Account Registered in Nepal',
'summary' => 'May 29: Citizens’ access to finance has increased in the country of late, according to the Economic Survey 2022/23 report released by the government on Sunday. ',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 29: Citizens’ access to finance has increased in the country of late, according to the Economic Survey 2022/23 report released by the government on Sunday. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The survey shows that merger of banks are also on the rise and the expansion of banking and financial institutions is also taking place, thereby ensuring citizen's access to finance.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As of mid-March 2023, the number of depositors’ accounts stood at 49,205,000 while the number of credit account was 1.8 million. According to the Economic Survey, there are 20.6 million mobile banking users in the country while as many as 1.7 million people have subscribed to internet banking service. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The merger and acquisition of bank has not discouraged digital banking, states the survey report unveiled by Finance Minister Prakash Sharan Mahat. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif""> Similarly, the number of people opting for digital payment via QR Code also increased significantly in the review period. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, <span style="font-family:"Arial Unicode MS","sans-serif"">there are 21 commercial banks, 17 development banks, 17 finance companies, 64 micro finances and one infrastructure development bank to make up a total of 120 banking and financial institutions. Likewise, there are 31,373 cooperatives in Nepal, the report states.</span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The number of insurance companies including re-insurance company stands at 36. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In terms of the property of financial system and liability, banking sector occupies significant size of 86.6 percent, added the report. -- RSS </span></span></span></p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
