Nepal Breaking NewsMarketThe of loans secured by stock has increased by 94%.

The number of loans secured by stock has increased by 94%.

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From the last Ashad to Chaitra, 2077 BS, banks and financial disbursed loans totaling Rs 91.89 billion on the basis of share collateral. This represents a 94 percent improvement over the same timeframe the previous fiscal year. BFIs disbursed Rs. 47.43 billion in share collateral loans in the first nine months of the previous fiscal year 2076/77.

Other areas of the economy came to a halt as the second wave of corona infections worsened.

As a , those had no need for loans.

On the other hand, the is surging to new highs. As the stock continues to grow, banks have increased the flow of loans secured by stock.

During the previous lockdown, the stock exchange was closed for more than three months. The demand has continued to expand since then. As a result, BFI credit flows are concentrated in this market.

The number of loans secured by stock has increased by 94%.

In the first nine months of this fiscal year, overdraft credit rose by around 27.5 percent.

In comparison, credit growth was just 7.8% in the same timeframe the previous year.

Most of the loans disbursed under the heading of personal overdraft have reportedly gone to the stock market.

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