Nepal Rastra Bank not implementing the 4 to 12 crore policy in Share Market

Jun Sat 2022 01:58:43

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Nepal Rastra Bank not implementing the 4 to 12 crore policy in Share Market

Kathmandu. The monetary policy of the current fiscal year has taken a new step in controlling share credit. An individual or a family can borrow up to a maximum of Rs 40 million from one bank and a maximum of Rs 120 million from all banks. The share market has been declining continuously after controlling the share loan. NRB has been blaming for this.

However, Nepal Rastra Bank has not backed down from its policy. On the contrary, senior central bank officials are in favor of continuing the policy next year as well.

There is a balance between the central bank's priority in capital mobilization and the impact of the 4/12 policy. Gunakar Bhatt explains. The NRB is of the view that the share market has made the rich richer, the poor poorer and widened the gap between the rich and the poor by opening large-scale loans. Even before this, NRB had been controlling share loan. Large investors were able to get loans from banks with great results when they were allowed to lend up to 70 percent of the 180-day average price or whichever is lower.