Kathmandu. In the first six months of the current fiscal year, commercial banks have allocated Rs 4.63 billion as bonus to their employees.

Banks give bonus to employees at the end of every financial year. But for this, such an amount is set aside every quarter.

This amount has increased by 8.99 percent compared to the same period last year. In the second quarter of the last fiscal year, 20 commercial banks had paid Rs 4.25 billion for their employees.

Out of 20 banks, one bank has a negative bonus share for its employees.

According to the report, out of the remaining 19 banks, 9 banks have reduced the amount for employee bonus, while 11 banks have increased the amount for employee bonus.

As of mid-January, Nabil Bank has received the highest amount of bonus for the bank’s employees. Nabil’s employee bonus has increased by 42.57 percent to Rs 73.44 crore.

Global IME Bank surged by 4.37 per cent to Rs 487.25,000, Kumari Bank by 528.71 per cent to Rs 482.3 million, Everest Bank by 1.99 per cent to Rs 352 million, Prime Bank by 9.68 per cent to Rs 324.42 million and Siddhartha Bank by 155.13 per cent to Rs 216.21 million.

Similarly, Sanima Bank has increased by 17.82 percent to Rs 165.931 million, Nepal SBI Bank by 9.68 percent to Rs 163.75 million, Machhapuchchhre Bank by 25.25 percent to Rs 160.5 million, Rastriya Banijya Bank by 132.04 percent to Rs 133.11 million and Nepal Bank by 392.86 percent to Rs 1085.53 million.

As of mid-January, Nepal Investment Bank (NIBL) has decreased by 42.25 percent to Rs 259.86 million, NMB Bank by 17.93 percent to Rs 258.88 million, Prabhu Bank by 22 percent to Rs 218.73 million and Standard Chartered Bank by 16.29 percent to Rs 217.98 million.

Similarly, Himalayan Bank declined by 16.06 percent to Rs 202.53 million, Citizens Bank by 43.79 percent to Rs 575,78,000, Agricultural Development Bank by 25.04 percent to Rs 53.19 million and NIC Asia Bank by 13.54 percent to Rs 20.824 million.