Kathmandu. KATHMANDU: Nepal Rastra Bank (NRB) has changed the policy of buying and selling shares of banks and financial institutions (BFIs) in the secondary market.

Banks and financial institutions could sell up to 20 percent of their primary capital in a fiscal year from the investments that have elapsed in one year.

Maha Prasad Adhikari, when he was the governor, had adopted a policy of prohibiting banks and financial institutions from investing in the stock market, which allowed them to buy and sell shares. Initially, he was allowed to sell only 1 percent of the primary capital.

It was amended to 20 percent. However, the Nepal Rastra Bank (NRB) has lifted the indirect ban imposed on banks and financial institutions in the trading of shares after the Genji agitation.