Kathmandu. As of mid-April of the current fiscal year, 20 commercial banks have earned a net interest income of around Rs 150 billion. The income increased by 1.99 percent compared to the same period last year.

In the same period of the last FY, the banks earned a net interest income of Rs 139.89 billion which increased to Rs 142.68 billion in the same period of the current FY.

Net interest income is seen as a major source of income in the income structure of banks. Banks collect deposits from the public, pay interest on them, and invest the same amount as loans to earn interest income. Net interest income is the amount left after subtracting the interest expense to be paid on the deposit from the total interest income thus earned.

During this period, the income of 7 commercial banks has decreased. During this period, NIC Asia Bank has seen the biggest decline in such earnings. Similarly, the income of Standard Chartered Bank, Nepal Investment Mega Bank, Himalayan Bank, Global IME Bank, Citizens Bank and Laxmi Sunrise Bank saw a decline.

Rastriya Banijya Bank (RBB) has seen the highest increase in net interest income during this period. The bank has gained 22.58 percent. Similarly, Sanima Bank earned 20.48 per cent and Kumari Bank 17.80 per cent and NMB Bank 13.68 per cent.