Securities Board of Nepal(SEBON)’s Chairman and Governor’s Impresive Discussion, Assurance that The Capital Market will be Humming in a Few Days
Kathmandu: Chairman of Securities Board of Nepal (SEBON) Ramesh Kumar Hamal has assured that the capital market will return to its heyday. At the signing ceremony of the memorandum of understanding between the Federation of Nepal Industry and Commerce and the Board regarding investment awareness, Chairman Hamal said that the capital market investors will hear good news within a few days
In order to raise the morale of the investors, he informed that he has registered a proposal in writing to raise the morale of the investors of the capital market in the meeting of the financial management committee.
Addressing the program, he said, “I have written a proposal to boost the morale of capital market investors in the financial management committee meeting and also discussed with the Governor of Nepal Rastra Bank, we will hear good news in a few days.”In particular, he told the Governor of Rastra Bank that he had proposed to increase the personal limit of share mortgage loan from 120 million and remove that limit for institutional investors.
He insists that Governor Maha Prasad Adhikari is positive about his proposal. He is claiming that a decision will be made to boost the morale of capital market investors depending on the governor. However, Governor Adhikari has not started any activity to encourage investors as mentioned by Chairman Hamal, on the contrary, he is going to clash with everyone.In another context, Chairman Hamal said that the issue of right shares in Nepal’s capital market has seen a unique situation in which the market will grow.
He further said, “Issuing right shares in Nepal increases the share price. In other countries of the world, when the right shares are issued, the price falls. It is strange that the market will increase even if another hundred rupees are invested in a company that is said to be worth hundred rupees.
On 4th October, 2023, Hari Dhakal, a member of Parliament of the Rashtriya Swatantra Party, told the state of the Securities Board in the Parliament. He satirized the need for insurance board as a ‘slow letter’ and the demolition as a ‘quick letter’.