The recent directive of Nepal Rastra Bank has made the shares of companies listed in the secondary market, including Nepal Reinsurance Company, ineligible for banking collateral.

NRB on Wednesday amended the Unified Directive and made new arrangements for loans taken on share pledge. According to the provision, 250 companies with no trading history will be disqualified for share pledge loan. This arrangement has stopped the borrowing of such companies for some time.

Of the ordinary shares issued and listed on the market, 13 companies are ineligible today. Among them are the newly listed Mountain Energy Hydropower to Himal Dolakha Hydro Company.

These include Sanima General Insurance, General Insurance Company, Samaj Microfinance, Reliance Life Insurance, Liberty Energy, NRN Infrastructure, Azod Insurance, Sadhana Microfinance, AGNIC Asia Microfinance and microfinance of all. These companies will be eligible for trading after the completion of the specified trading period.