Kathmandu. According to the new directive issued by Nepal Rastra Bank, it is not possible to take loan by pledging shares of some of the companies under discussion.

Institutions that have been at a loss for three consecutive years, those that have not been in business for less than a year, those that have not held a general meeting for three years, those that have not had a trading value of at least 250 days will not be able to take loans by pledging shares.

According to the new arrangement of NRB, it is no longer possible to take loan by pledging shares of reinsurance company, national insurance company, big market company and other companies.

Similarly, according to the new arrangement of NRB, even though the share price of some hydropower companies is increasing now, it is not possible to give loan by pledging shares of such companies. General Insurance, Reliance Life, Sanima General Insurance, Azod Insurance, NRN Infrastructure and Development Limited Company, NIC Microfinance, Sadhana Microfinance, Mountain Energy, United Idi-Mardi & RB Hydropower Company will not be allowed to take loan by pledging shares.

Similarly, it is not possible to take loan even by pledging the shares of Prabhu Life Insurance, which is currently issuing IPO.