Kathmandu. The National Bank has indicated that the stock market and real estate transactions will be accelerated, even though the possibility of wide-scale easing is decreasing through the new monetary policy. According to sources related to the National Bank, the central bank has reached the expectation that the domestic economy will become dynamic if it can give a little support to the stock market and real estate transactions.

For this reason, instead of bringing down the interest rate very much, the sources said that by modifying the policy ratios of a stable nature, they are trying to support such betting markets. For this, the share mortgage loan will be relaxed. Officials of the National Bank are ready to partially revise the system called '4-12 Policy' which was introduced by the National Bank two years ago. The National Bank had already shown flexibility in this regard.

Similarly, it is seen that Rashtra Bank will be flexible in terms of loan risk. At present, it has been arranged that 150 percent of the risk burden should be allocated even for personal houses and real estate share mortgages. This has increased the expenses of many banks. But efforts are being made to reduce it to 100 percent as before.

They are going to change the limit of personal margin loans. Currently, a person can take a loan of up to 40 million from a bank or financial institution on share mortgage loan. It is possible to take a maximum loan of 120 million from all the banks and financial institutions of the country. Due to this, a single person is forced to take loans from at least three banks to mobilize loans up to the limit of 120 million. But now, by removing the limit of 40 million, the leadership of Rashtra Bank is ready to keep the system of taking a loan of 120 million from one or all banks.

Rashtra Bank is also likely to become flexible in the loan-to-value ratio (LTV) for personal loans of up to 50 lakhs in real estate mortgages. At present, in this type of loan, real estate mortgage holders in Kathmandu valley were getting loans only up to 30 percent of the mortgage valuation. There was a provision that mortgage holders of real estate outside the valley could take a loan of up to 40 percent.

But by increasing this ratio, they are going to arrange in the monetary policy so that if they are inside the valley, they can borrow up to 40 percent and if they are outside the valley, they will be able to take loans up to 50 percent. In terms of real estate loans, even now there is a facility of 40 percent lending inside the valley and 50 percent outside. According to sources, there is also a discussion about increasing it to 50 and 60 percent.

In recent years, the National Bank has repeatedly changed the mortgage-loan ratio for real estate or shares. This kind of policy change is working in the interest of limited people. It has become a situation where the same community gets more loans on the mortgage of the same property when necessary. A small group has been increasing its ownership in the economy by ensnaring the majority of people who have no alliance with the National Bank and Shakti Kendra in a political trap.