Kathmandu. Nepal Rastra Bank (NRB) has fulfilled the demand of the investors for years.

KATHMANDU: The Nepal Rastra Bank (NRB) has withdrawn two policies taken by outgoing Governor Maha Prasad Adhikari from today.

Investors argue that this policy of the central bank will help to take the stock market on the path of correction. Governor Dr. Some have also interpreted the policy taken by Bishwanath Poudel as a liberal policy.

This policy will help the stock market rather than hinder it. The outgoing governor had set a single customer loan limit of Rs 25 crore for margin shares. This provision has been removed. Investors had been demanding the removal of this provision since Mahaprasad’s tenure.

Not only this, Finance Minister Rameshwor Khanal had also formed the Capital Market Reform Suggestion Task Force to study the systemic and procedural reforms to boost the morale of the general investors in the capital market. The task force had recommended removing the existing single customer limit of Rs 250 million on margin loans issued by banks and financial institutions on the basis of the immediate action to be taken within three months.

The task force has said that removing this provision will increase the share loan and boost the morale of the investors. The recommendations of the task force have started being implemented.

Similarly, due to the policy adopted by the outgoing Governor Adhikari, the banks and financial institutions were barred from buying and selling shares in the secondary market as per their wishes. According to the Nepal Rastra Bank (NRB), banks and financial institutions can now buy shares from 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. This system has been removed.

Governor Adhikari had adopted a policy that banks and financial institutions can buy but not sell shares. This provision has been removed from today. Various organizations of investors had demanded the removal of this provision every time they went to the Rastra Bank. He also met the incumbent Governor Poudel and demanded the removal of this provision. Investors believe that the market will improve after the central bank fulfills the main demand of the investors.