Investors submit memo to NRB putting forth 18-point demand


September 6, 2021


Investors submit memo to NRB putting forth 18-point demand

Nepal Rastra Bank. (File photo)

KATHMANDU: Share Market Reform Struggle Committee has handed over a memorandum to Nepal Rastra Bank (NRB) demanding removal of the ceiling of Rs 120 million on margin lending introduced by NRB through monetary policy.

The struggle committee handed over a memorandum putting forth a 18-point demand to NRB Executive Director and Spokesperson Dev Kumar Dhakal on Monday.

In the memo, various demands have been forward, including removal of the cap on dividends to be distributed by microfinance companies and amending the provision of provisioning, among others.

A representative of the struggle committee said they submitted an 18-point memo to thwart efforts to play with the future of investors and would not stop their agitation untill their demands are met. He warned to hold a relay hunger strike from September 8 to 14 and a fast-unto-death from September 15.

Investors also picketed NRB with banners, placards and sloganeering.