NRB removes margin lending of Rs 120 million

Kathmandu, Oct 5 : Amending the Integrated Guidelines 2080 BS, the Nepal Rastra Bank (NRB) has increased the margin lending. With this, the cap of upper limit of Rs 120 million for margin lending is removed.     

As per the new decision, the margin lending is fixed at Rs 150 million for individuals and Rs 200 million for institutional investors, the Nepal Rastra Bank (NRB) said in its amended guidelines.     

The investors of the share market were piling pressure on the central bank to remove the existing cap on margin lending adding that this has had a serious impact on the share market.     

Likewise, the commercial banks should have to maintain their counter cyclical buffer to 0.5 per cent by the end of this fiscal year. (RSS)