Agriculture Development Bank to launch margin loan scheme for the first time
Sun, Sep 9, 2018 7:40 AM on Latest, Stock Market,
Agriculture Development Bank Limited (ADBL) is all set to launch its first margin loan.
As per the information received, the bank will be launching its scheme for loan against collateral of shares very soon.
Out of the 28 commercial banks, only Standard Chartered Bank, Nepal SBI Bank and Agriculture Development Bank had not offered any kind of margin type loan.
As per the recently released NRB directive, commercial banks can lend up to 25% of their core capital as marginal type loan, with effect from new fiscal year 75/76.
Based on the Q4 report, ADBL has capacity to provide margin type loan worth Rs 5.78 arba. After ADBL’s introduction of new scheme, only SCB and SBI will be left to provide margin type loans from amongst the 28 commercial banks.
