Finance Minister's Productive Discussions with Dhitopatra Brokers Association Nepal Aim for Enhanced Stock Market Prosperity

In a positive turn of events, the Dhitopatra Brokers Association Nepal (DBAN) met with the Finance Minister, Barsaman Pun, to discuss pivotal enhancements for the nation's stock market. Held at the residence of Finance Minister Pun in Balkumari, Lalitpur, the meeting, led by the Chairman of DBAN Sagar Dhakal, focused on constructive suggestions to fortify the market.

During the session, the association advocated for reinstating the privilege of banks and financial institutions to invest in the secondary market, urging the removal of existing constraints. Krishna Giri, Secretary General of the Securities Brokers Association, expressed optimism, stating that Finance Minister Pun is keenly interested in the market's prosperity.

Finance Minister Pun pledged to compile a comprehensive list of initiatives for the expeditious improvement of the stock market. The association reiterated its recommendations, emphasizing recalibrating margin loan arrangements. Of particular note was the proposal to annul the existing loan limits of Rs. 15 crores for individuals and Rs. 20 crores for institutions

Additional proposals included maintaining a risk weightage limit of 100 percent in margin loans, lifting restrictions on interest rates for loans to microfinance institutions, and streamlining the regularization of capital loans made by securities brokers through instructions to settlement banks. Minister Pun, in a reaffirmation of his commitment to market enhancement, assured the association officials of his intent to consult with relevant agencies for the seamless implementation of these constructive suggestions.