Nepal Rastra Bank (File photo)
KATHMANDU: Nepal Rastra Bank (NRB) has made arrangements to take conditional loan against shares of more than Rs. 120 million.
According to a notice issued by the NRB on Monday evening, if an entrepreneur wants to take loan against shares for industry and business, he/she can take loan by pledging shares.
The NRB has said that banks and financial institutions can pledge shares like other assets for loans for commercial purposes.
Share investors had been complaining that the NRB has set limits on loans of margin nature. NRB, on the other hand, has been saying that there are some problems in loans of margin nature and has set a limit.
Due to the ambiguity in this regard, the stock market has been affected for the last few days.