120 million investment in the share market of microfinance

Mar Mon 2022 02:43:54

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120 million investment in the share market of microfinance

Kathmandu. Microfinance institutions have invested Rs 118.4 million in shares and debentures. According to Nepal Rastra Bank, the share loan of microfinance has decreased to Rs. 118.4 million as compared to the last fiscal year. As of last July, there was an investment of Rs. 132.6 million in the shares of microfinance. Investment has declined by 10.67 percent after the Nepal Rastra Bank set a limit of Rs 412 crore on share pledge loans.

The total investment of microfinance is 9.91 billion. The MFIs have invested Rs 773 million in government securities, Rs 8.27 billion in time deposits and Rs 751.7 million in other securities. Deposits had increased by 62.21 percent in the corresponding period of the previous year. According to Nepal Rastra Bank, investment in MFIs has declined. The total investment of MFIs in mid-January 2012 is 32.61 percent less than that of mid-July last year.

Total investment had increased by 70.40 percent in the corresponding period of the previous year. The decline in overall investment seems to be due to the fact that the amount invested in time deposits has been used for credit flow.