Nepal Rastra Bank Increases Share Mortgage and Personal Overdraft Loan Limits

Kathmandu. Nepal Rastra Bank has increased the limits of share mortgage (margin lending) and personal overdraft loans by releasing the annual review report of the monetary policy for the fiscal year 2082/83. The central bank has adopted a policy to increase the limits of share mortgage loans and personal overdraft loans. Through the review, the existing limit of personal overdraft loans provided by banks and financial institutions has been increased, with the limit per customer increased from the previously set limit of Rs 5 million to Rs 10 million. Share mortgage loan limit Rs 25 million To help make the...