Investors Forum clarifies rumor on margin lending and productive sector lending
Fri, Feb 10, 2017 4:33 PM on Latest, Featured, Stock Market,
Share Investors Forum has published a press note addressing the issue of Bank and Financial Institutions (BFIs) not providing margin lending for investment in share market.
The Forum talked to Mr. Anil Keshary Shah, Chairman of Nepal Bankers' Association regarding the rumor of BFIs no more providing share loans to customers. Mr. Shah has denied the fact saying no decision as such to avert share loan has been made. He further clarified that BFIs were only instructed to prioritize productive sector lending, and not stop margin lending.
The flow of information regarding the Bankers' Association’s decision to avoid disbursing margin lending by imposing its need in productive sectors has been hyped in different media.
Earlier, Nepal Rastra Bank had requested the Bankers’ Association to provide a minimum of 20% loan in the productive sectors.
The investors’ forum has urged investors to invest patiently saying that political instability and liquidity crunch is temporary.
The flow of information regarding the Bankers' Association’s decision to avoid disbursing margin lending by imposing its need in productive sectors has been hyped in different media.
Earlier, Nepal Rastra Bank had requested the Bankers’ Association to provide a minimum of 20% loan in the productive sectors.
The investors’ forum has urged investors to invest patiently saying that political instability and liquidity crunch is temporary.
