Share Laganikarta Sang Nepal sends out mixed message about recent Monetary Policy; praises groundbreaking provisions and urges to reform couple more issues

Share Laganikarta Sang Nepal has praised Nepal Rastra Bank’s recent decision which was unveiled today via its fiscal monetary policy today. The association has expressed its optimism regarding the central bank’s decision to allow banks to bring in more credit in Indian currency in order to solve ongoing problem of shortage of investable funds in banking industry, to allow commercial banks to perform as stock brokers through their respective subsidiary companies, to put break on the margin calls unless the share value depreciates by at least 20% and many others.

However, it has also expressed its dissatisfaction over the monetary policy which has failed to reduce Average Weightage from existing 150% to 100% and to provide margin facility of upto 80% of the share price. It has therefore demanded the apex bank to address the remaining issues for the healthy growth of the only stock market of the nation.