The banks
have lent Rs 7.10 billion on margin type lending to the stock market investors.
The central
bank fearing the stock market crash due to margin type lending had asked the
banks to provide details of their margin type lending.
"The 26
banks have floated Rs 7.10 billion margin type lending," according to the
central bank source.
Of the 26
banks, state-owned banks have lent the highest as Nepal Bank has floated Rs 1.47
billion and Rastriya Banijya Bank has lent Rs 1.12 billion on margin type
lending.
Likewise, from among the private sector banks, Himalayan Bank has lent Rs 550 million, Global IME Bank Rs 500 million, Laxmi Bank Rs 240 million, Kumari Bank Rs 200 million, Everest bank Rs 150 million and Nepal Investment Bank Rs 50 million.
Likewise, from among the private sector banks, Himalayan Bank has lent Rs 550 million, Global IME Bank Rs 500 million, Laxmi Bank Rs 240 million, Kumari Bank Rs 200 million, Everest bank Rs 150 million and Nepal Investment Bank Rs 50 million.
As the banks
are sitting on a huge pile of cash, the investors have been finding margin type
lending a boon that has pushed the Nepal Stock Exchange (Nepse) to as high as
over 800 points.
Fearing the crash – like
earlier – the central bank has last week sought a detailed information from the
banks. The market has, however, reacted to the central banks expected
intervention and second quarter closing.
1 comment:
seems to be a positive news..but lets see what happens ahead..
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