Kathmandu, December 23
Nepal Rastra Bank has stated that stock market is an important sector for capital formation. In an interaction program organized by NRB itself in Kathmandu on Wednesday, NRB responded positively about the stock market.
NRB had tightened its share mortgage lending through monetary policy for the current fiscal year. At present, a bank can invest only Rs 40 million and at most Rs 120 million in loans to a person on share collateral. Investors have been sharply critical of NRB, saying that the stock market has declined after this arrangement.
On Wednesday, the head of the research department of the National Bank, Dr. Prakash Kumar Shrestha responded positively about the NRB stock market. “The stock market is an important area for capital formation. NRB is positive about this,” he said.
By Karuna Thapa
