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Institutional limit of 20 crores on share loans has been abolished
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Nepal Rastra Bank has canceled the existing limit of Rs 20 crore for institutional investors to be provided by banks and financial institutions in the form of margin securities. Governor Mahaprasad Adhikari announced the monetary policy for the financial year 2081/82 on Friday and canceled the institutional limit of 20 crores on share loans.
"In a situation where margin trading is not easy and manageable, the existing maximum limit of Rs. 200 million of loans provided by banks and financial institutions in margin securities for institutional investors established with the main purpose of investing in the capital market will be abolished," the monetary policy states.
The National Bank has stated that the personal limit will remain. Personal limit on share loan is Rs.15 crore.
With the intention of encouraging the concept of margin trading by gradually reducing the direct loan investment from banks and financial institutions in the securities market, Nepal Rastra Bank has so far granted consent to 34 securities brokerage companies.
प्रकाशित : श्रावण ११, २०८१ १३:४८
