Fourfold Pressure on Rastra Bank to Revise the Single Customer

Kathmandu: It is seen that the meeting of the Board of Directors of Rastra Bank to be held next week will revise the single customer credit limit for share mortgage loans. Due to the strong pressure on Rastra Bank to revise the single customer credit limit for share mortgage loans, this week’s meeting will finalize this issue.

According to a high source of Rastra Bank, a decision on this issue may be made in the coming week after the single customer limit on share loans is removed.

Therefore, sources claim that the governor officer has also thought about keeping this limit.In the monetary policy of 2078/79, Rastra Bank introduced a single customer credit limit for share securities. For the first time, it was arranged that a member of a single group or a household can take a loan of up to 40 million from a bank and up to 120 million from the entire banking system.

However, in the monetary policy of the financial year 2079/80, the Rastra Bank took a step back and removed the limit of 4 crores and maintained only the limit of 12 crores. This is the reason why the trend of going to share mortgage loan for small amount increased while the trend for going to share mortgage loan for large amount decreased. This directly benefited the common investors.

According to the data of Rastra Bank, in the financial year 2077/78, those who took a loan of more than 1 crore took 73.53 billion 5 million and those who took a loan less than 1 crore took 32.74 billion.

In the financial year 2078/79, such loans of more than 1 crore decreased by 36.7 percent to 46.57 billion. Likewise, loans of less than one million rupees increased by 3.6 percent to 33 billion 93 million rupees.However, due to the decrease in the capacity of big investors, the trend of sales in the market increased and the market also decreased.However, due to the decrease in the capacity of big investors, the trend of sales in the market increased and the market also decreased.

Share mortgage loans of more than 10 million rupees decreased by 4 percent to 44 billion 71 million rupees and loans of less than 1 million rupees decreased by 7 percent to 31 billion 59 million rupees.Recently, since the internal economy is not functioning, the National Bank has been under pressure from all sides to reduce the credit limit. From politicians to businessmen, they are putting pressure on it.

The Board of Directors of the National Bank also includes a Secretary from the Ministry of Finance. The Ministry of Finance is also keeping its word through the secretary. It is said that if the governor official leaves his position, the share mortgage loan can be reviewed at least.

Today, Finance Minister Dr. This decision was taken by the financial sector high level coordination committee meeting under the chairmanship of Prakash Sharan Mahat.In the meeting, the overall situation of the financial sector was reviewed. In the meeting, Vice President of National Planning Commission Dr. Min Bahadur Shrestha and Governor Adhikari of Nepal Rastra Bank and other regulatory bodies of the financial sector were present.