Nepal Rastra Bank Makes Decision to Open The Limit of 120 Million of Share Mortgage Loans, Which Made Investors Angry with Governor

Kathmandu : Nepal Rastra Bank has decided to open a limit of 120 million as margin nature of share mortgage loan. According to a high-ranking source, Nepal Rastra Bank is ready to open a limit of 120 million in share mortgage loan of margin nature after the discussion of the high-level coordination committee of the financial sector.

A meeting of the committee was held on September 19, 2023 to discuss the implementation of the provisions to be implemented through the Nepal Rastra Bank and the Nepal Securities Board in the budget. Even before this, there were many discussions about opening the limit of 12 crores in Rastra Bank.

The discussion of the high-level coordination committee of the financial sector held on 19th September said that this issue was discussed in a final manner. Although the discussion was held according to the agenda of the meeting, the issue of margin nature of share mortgage loan was discussed at the end.At the end of the discussion, Finance Minister Dr. Prakash sharan mahat himself said that through the amendment of land use regulations, the allocation of land has been opened, and now liquidity should be facilitated in the stock market as well.

Sources claim that Finance Minister Mahat has asked Governor Adhikari to make Rastra Bank more flexible for that.Governor Adhikari is being abused by ordinary investors of the stock market due to the limit of 120 Million. In the meeting, he expressed the hope that after the removal of the limit, which has become the subject of everyone’s abuse, the character of abusers will also change, says according to the source.Finance Minister and Prime Minister Pushpa Kamal Dahal (Prachanda) also seem dissatisfied with the working style of the latest governor.

Investors from all sectors, from the stock market, have made Governor Adhikari as its responsible and become angry with him. He also made a complaint with the Cyber ​​Bureau regarding his meme which went viral on social media.It is not only from 19th September discussion that the governor officer is ready to remove the limit of 120 million but before also there was discussion between Governor Adhikari and Finance Minister Dr. Mahat on this topic. Sources claim that after Finance Minister Mahat proposed to remove the limit of 120 million, Governor Adhikari said that because of this decision of opening the limit of 120 million, he himself has become the hurdle of everyone.

In the last fiscal year’s monetary policy, the National Bank had set a maximum single customer credit limit of 40 million from a single licensed institution and a maximum of 120 million from all licensed institutions. However, according to the monetary policy of the current financial year, it has been arranged to reduce the debt to 120 million for those borrowers who have taken a margin loan of more than 120 million.

Finance Minister Dr. Prakash sharan mahat has already discussed with the members of the high-level economic committee under the Ministry of Finance.Likewise, MP Hari Dhakal has also met Governor. In the discussion with Finance Minister Dr. Mahat and the governor has already given the final decision on bringing a new arrangement regarding the issue of 120 million.