Stock related news & regulations of Nepal Rastra Bank

KATHMANDU, Feb 21: Nepal Rastra Bank (NRB) has said that it won’t allow banks to extend more than 50 percent of the valuation of the private vehicles while lending loan.

The NRB, the central bank of Nepal, took this decision to this effect, at a monetory policy mid-term review meeting held at Hotel Yak and Yeti on Tuesday.

However, this provision does not apply to the loan taken for public and construction transportation vehicles. The new limit has been imposed after the banks were alleged to have provided haphazard loans while procuring vehicles. The NRB has taken this decision on the assumption that such a haphazard loan is causing shortage of lendable funds in banking system.

Source: Republica

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Symbol % Change Last Price Turnover
UFL 6.0000 265.0 173,220.0
NBF1 5.2632 20.0 31,177.0
EBL 4.7041 1,380.0 41,502,313.0
GFCL 4.5455 207.0 494,280.0
CLBSL 3.9936 1,302.0 195,700.0
Symbol % Change Last Price Turnover
SKDBL -6.4935 360.0 2,465,632.0
EBLCP -4.4101 867.0 804,290.0
GRDBL -4.1096 630.0 265,860.0
SINDU -4.0000 336.0 1,534,424.0
ARUN -3.4314 197.0 134,710.0
Symbol % Change Last Price Turnover
PRVUPO 0.0000 190.0 141,267,660.0
EBL 4.7041 1,380.0 41,502,313.0
SCB 0.0440 2,275.0 28,067,533.0
PLIC 0.2344 2,566.0 27,478,564.0
SBL -1.2220 485.0 26,757,006.0