Kathmandu. Insurance companies’ investment in fixed deposits of banks has increased by more than 3 percent. The data released by Nepal Rastra Bank (NRB) shows that the investment of insurance companies in fixed deposits of banks has increased by more than 3 percent in the last one year.
Insurance companies have invested Rs 666.23 billion in fixed deposits of banks till mid-March. In the previous fiscal year 2081/82, insurance companies had invested Rs 644.41 billion in fixed deposits of banks. The investment of the insurer increased by 3.37 percent in the review period compared to the previous year.
As of mid-March of the current fiscal year, EPF has invested Rs 181.36 billion in fixed deposits of banks. The fund had invested Rs 177.03 billion in the same period of the previous year. The investment of the fund increased by 2.45 percent in the review period compared to the previous year.
As of the review period, the deposits of the general public stood at Rs 4.970 trillion. In the same period of the previous year, the deposits of the general public were Rs 4.262 billion. The deposits of the general public have increased by 16.61 percent.
