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<p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:15.0pt"><span style="font-family:"Mangal","serif"">The stock market has mostly remained shut since the beginning of the lockdown on March 24 and SEBON has been hesitating to open it citing problems in payment system in order to fully digitalise the market. </span></span></span></span></p>
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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June 25: The Nepal Rastra Bank (NRB) has removed daily and monthly online payments limits used for stock transactions until further notice. The Securities Board of Nepal (SEBON), the stock market regulator, had suggested the central bank to remove the limits on online transfer of payment between investors and stock brokers. However, the limit for per transaction amount has been kept the same. Similarly, the daily transaction limit of Rs 100,000 in mobile banking and Rs 1 million in internet banking have also been left unchanged. But, NRB has increased the limits in daily and monthly transactions allowing investors to carry out multiple transactions. Amending the Integrated Directive Related to Payment System, NRB has removed the transaction limits.
The stock market has mostly remained shut since the beginning of the lockdown on March 24 and SEBON has been hesitating to open it citing problems in payment system in order to fully digitalise the market.
Investors say that though NRB’s decision offers some relief to them in the current situation, this is not a permanent solution. There will still be problems in buying shares more than Rs 1 million. According to investors, though NRB has removed the limit, banks have the right to decide on margin lending which renders this facility useless.
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include - APP/View/Elements/side_bar.ctp, line 60
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
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<p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:15.0pt"><span style="font-family:"Mangal","serif"">The stock market has mostly remained shut since the beginning of the lockdown on March 24 and SEBON has been hesitating to open it citing problems in payment system in order to fully digitalise the market. </span></span></span></span></p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
