Nepal: Commercial banks set aside Rs 4.63 billion for staff bonuses

In the first half of the current fiscal year, 20 commercial banks in Nepal allocated Rs 4.638 billion for employee bonuses, up 8.99 percent from the same period last year. Nabil Bank led the sector with Rs 734.4 million, a 42.57 percent increase. Global IME Bank and Kumari Bank contributed Rs 487.7 million and Rs 482.3 million, respectively. While 11 banks increased bonus provisions, nine banks reported a decrease. Bonuses are typically distributed annually based on these quarterly allocations.