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<strong>--By Sanjeev Sharma & Yagya Banjade</strong></div>
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Nepali Microfinance Institutions (MFIs) have been witnessing a sharp inflow of investment in recent months. Since the inception of Nirdhan Utthan Development Bank as the first MFI in the Nepali stock market in 2011, shares of such companies have been following a bullish trend. The continuous rise in the share price of MFIs listed in Nepal Stock Exchange (NEPSE) is seen to be the main causative factor. </div>
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<strong><span style="font-size:14px;">‘Different category for MFIs in NEPSE needed’</span></strong></div>
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Nepali Microfinance Institutions (MFIs) have been witnessing a sharp inflow of investment in recent months. Since the inception of Nirdhan Utthan Development Bank as the first MFI in the Nepali stock market in 2011, shares of such companies have been following a bullish trend. The continuous rise in the share price of MFIs listed in Nepal Stock Exchange (NEPSE) is seen to be the main causative factor. </div>
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Anjanraj Poudyal, former Chairman of Stock Brokers Association of Nepal (SEBAN) also agreed with Pandey. “The number of MFIs listing in the stock exchange having competent promoters has significantly gone up in recent years which have helped attract more investment in this sector,” Poudyal said. According to Poudyal, investment is coming from individuals as well as institutions. “Some mutual funds are giving high priority to the shares of microfinance banks in their portfolio,” he mentioned. </div>
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<strong><span style="font-size:14px;">‘Different category for MFIs in NEPSE needed’</span></strong></div>
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Microfinance banks are placed in the development bank section of the NEPSE index. However, with the rising number, voices are being raised to separate microfinance banks from development banks in the share index. “As the listing is constantly rising, separate group is needed for effective management of microcredit banks in the share index,” SEBAN’s former chairman Poudyal said. </div>
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<strong><span style="font-size:14px;">‘Different category for MFIs in NEPSE needed’</span></strong></div>
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Microfinance banks are placed in the development bank section of the NEPSE index. However, with the rising number, voices are being raised to separate microfinance banks from development banks in the share index. “As the listing is constantly rising, separate group is needed for effective management of microcredit banks in the share index,” SEBAN’s former chairman Poudyal said. </div>
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According to official data, 31 microfinance banks, 15 microcredit co-operative and 31 microcredit non-government organisations (NGOs) are actively providing services throughout the country. In regard to this, the number of MFIs in stock exchange is gradually rising. The total number of shares of 11 microfinance banks listed in NEPSE reached 273.638 million towards the end of Shrawan. Out of the listed 11 banks, share transactions of three companies have been held back due to various reasons. </div>
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<strong><span style="font-size:14px;">‘Different category for MFIs in NEPSE needed’</span></strong></div>
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Microfinance banks are placed in the development bank section of the NEPSE index. However, with the rising number, voices are being raised to separate microfinance banks from development banks in the share index. “As the listing is constantly rising, separate group is needed for effective management of microcredit banks in the share index,” SEBAN’s former chairman Poudyal said. </div>
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<strong><span style="font-size:14px;">‘Different category for MFIs in NEPSE needed’</span></strong></div>
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<strong>--By Sanjeev Sharma & Yagya Banjade</strong></div>
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Nepali Microfinance Institutions (MFIs) have been witnessing a sharp inflow of investment in recent months. Since the inception of Nirdhan Utthan Development Bank as the first MFI in the Nepali stock market in 2011, shares of such companies have been following a bullish trend. The continuous rise in the share price of MFIs listed in Nepal Stock Exchange (NEPSE) is seen to be the main causative factor. </div>
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The attraction of MFIs among investors is being caused due to various reasons. Experts share mixed viewpoints on this. According to some analysts, the below Rs 500 per share price level of a majority of listed microfinance banks is a main driving factor. Others point out to the loose policy announced by Nepal Rastra Bank (NRB) regarding MFIs in the monetary policy for the current fiscal year. </div>
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“Investing in MFIs is considered secure. Microcredit banks can commence their business with small amounts of capital and have less liability compared to larger financial institutions,’ said Dharmaraj Pandey, CEO of Paschimanchal Gramin Bikas Bank. “Due to this, investment in MFIs carries less risk, giving good returns.” Similarly, the fast-paced growth of the microcredit market and increasing investment of microfinance banks is also fuelling investor’s attraction, according to Pandey. </div>
<div>
</div>
<div>
Anjanraj Poudyal, former Chairman of Stock Brokers Association of Nepal (SEBAN) also agreed with Pandey. “The number of MFIs listing in the stock exchange having competent promoters has significantly gone up in recent years which have helped attract more investment in this sector,” Poudyal said. According to Poudyal, investment is coming from individuals as well as institutions. “Some mutual funds are giving high priority to the shares of microfinance banks in their portfolio,” he mentioned. </div>
<div>
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<div>
Investors are looking optimistic about their investments in MFIs. “The directive given by NRB to banks and financial institutions for loan expansion to the impoverished people is ascending the demand of MFIs shares in the market, however the equilibrium of such demand and supply is not well balanced,” mentioned an investor in the condition of anonymity. “The earning per share (EPS) of many microfinance banks is better than some commercial banks,” he added. </div>
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<div>
According to official data, 31 microfinance banks, 15 microcredit co-operative and 31 microcredit non-government organisations (NGOs) are actively providing services throughout the country. In regard to this, the number of MFIs in stock exchange is gradually rising. The total number of shares of 11 microfinance banks listed in NEPSE reached 273.638 million towards the end of Shrawan. Out of the listed 11 banks, share transactions of three companies have been held back due to various reasons. </div>
<div>
</div>
<div>
<strong><span style="font-size:14px;">‘Different category for MFIs in NEPSE needed’</span></strong></div>
<div>
Microfinance banks are placed in the development bank section of the NEPSE index. However, with the rising number, voices are being raised to separate microfinance banks from development banks in the share index. “As the listing is constantly rising, separate group is needed for effective management of microcredit banks in the share index,” SEBAN’s former chairman Poudyal said. </div>
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Nepali Microfinance Institutions (MFIs) have been witnessing a sharp inflow of investment in recent months. Since the inception of Nirdhan Utthan Development Bank as the first MFI in the Nepali stock market in 2011, shares of such companies have been following a bullish trend. The continuous rise in the share price of MFIs listed in Nepal Stock Exchange (NEPSE) is seen to be the main causative factor.
The attraction of MFIs among investors is being caused due to various reasons. Experts share mixed viewpoints on this. According to some analysts, the below Rs 500 per share price level of a majority of listed microfinance banks is a main driving factor. Others point out to the loose policy announced by Nepal Rastra Bank (NRB) regarding MFIs in the monetary policy for the current fiscal year.
“Investing in MFIs is considered secure. Microcredit banks can commence their business with small amounts of capital and have less liability compared to larger financial institutions,’ said Dharmaraj Pandey, CEO of Paschimanchal Gramin Bikas Bank. “Due to this, investment in MFIs carries less risk, giving good returns.” Similarly, the fast-paced growth of the microcredit market and increasing investment of microfinance banks is also fuelling investor’s attraction, according to Pandey.
Anjanraj Poudyal, former Chairman of Stock Brokers Association of Nepal (SEBAN) also agreed with Pandey. “The number of MFIs listing in the stock exchange having competent promoters has significantly gone up in recent years which have helped attract more investment in this sector,” Poudyal said. According to Poudyal, investment is coming from individuals as well as institutions. “Some mutual funds are giving high priority to the shares of microfinance banks in their portfolio,” he mentioned.
Investors are looking optimistic about their investments in MFIs. “The directive given by NRB to banks and financial institutions for loan expansion to the impoverished people is ascending the demand of MFIs shares in the market, however the equilibrium of such demand and supply is not well balanced,” mentioned an investor in the condition of anonymity. “The earning per share (EPS) of many microfinance banks is better than some commercial banks,” he added.
According to official data, 31 microfinance banks, 15 microcredit co-operative and 31 microcredit non-government organisations (NGOs) are actively providing services throughout the country. In regard to this, the number of MFIs in stock exchange is gradually rising. The total number of shares of 11 microfinance banks listed in NEPSE reached 273.638 million towards the end of Shrawan. Out of the listed 11 banks, share transactions of three companies have been held back due to various reasons.
‘Different category for MFIs in NEPSE needed’
Microfinance banks are placed in the development bank section of the NEPSE index. However, with the rising number, voices are being raised to separate microfinance banks from development banks in the share index. “As the listing is constantly rising, separate group is needed for effective management of microcredit banks in the share index,” SEBAN’s former chairman Poudyal said.
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Nepali Microfinance Institutions (MFIs) have been witnessing a sharp inflow of investment in recent months. Since the inception of Nirdhan Utthan Development Bank as the first MFI in the Nepali stock market in 2011, shares of such companies have been following a bullish trend. The continuous rise in the share price of MFIs listed in Nepal Stock Exchange (NEPSE) is seen to be the main causative factor. </div>
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The attraction of MFIs among investors is being caused due to various reasons. Experts share mixed viewpoints on this. According to some analysts, the below Rs 500 per share price level of a majority of listed microfinance banks is a main driving factor. Others point out to the loose policy announced by Nepal Rastra Bank (NRB) regarding MFIs in the monetary policy for the current fiscal year. </div>
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“Investing in MFIs is considered secure. Microcredit banks can commence their business with small amounts of capital and have less liability compared to larger financial institutions,’ said Dharmaraj Pandey, CEO of Paschimanchal Gramin Bikas Bank. “Due to this, investment in MFIs carries less risk, giving good returns.” Similarly, the fast-paced growth of the microcredit market and increasing investment of microfinance banks is also fuelling investor’s attraction, according to Pandey. </div>
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Anjanraj Poudyal, former Chairman of Stock Brokers Association of Nepal (SEBAN) also agreed with Pandey. “The number of MFIs listing in the stock exchange having competent promoters has significantly gone up in recent years which have helped attract more investment in this sector,” Poudyal said. According to Poudyal, investment is coming from individuals as well as institutions. “Some mutual funds are giving high priority to the shares of microfinance banks in their portfolio,” he mentioned. </div>
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Investors are looking optimistic about their investments in MFIs. “The directive given by NRB to banks and financial institutions for loan expansion to the impoverished people is ascending the demand of MFIs shares in the market, however the equilibrium of such demand and supply is not well balanced,” mentioned an investor in the condition of anonymity. “The earning per share (EPS) of many microfinance banks is better than some commercial banks,” he added. </div>
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<strong><span style="font-size:14px;">‘Different category for MFIs in NEPSE needed’</span></strong></div>
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Microfinance banks are placed in the development bank section of the NEPSE index. However, with the rising number, voices are being raised to separate microfinance banks from development banks in the share index. “As the listing is constantly rising, separate group is needed for effective management of microcredit banks in the share index,” SEBAN’s former chairman Poudyal said. </div>
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<strong>--By Sanjeev Sharma & Yagya Banjade</strong></div>
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Nepali Microfinance Institutions (MFIs) have been witnessing a sharp inflow of investment in recent months. Since the inception of Nirdhan Utthan Development Bank as the first MFI in the Nepali stock market in 2011, shares of such companies have been following a bullish trend. The continuous rise in the share price of MFIs listed in Nepal Stock Exchange (NEPSE) is seen to be the main causative factor. </div>
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</div>
<div>
The attraction of MFIs among investors is being caused due to various reasons. Experts share mixed viewpoints on this. According to some analysts, the below Rs 500 per share price level of a majority of listed microfinance banks is a main driving factor. Others point out to the loose policy announced by Nepal Rastra Bank (NRB) regarding MFIs in the monetary policy for the current fiscal year. </div>
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“Investing in MFIs is considered secure. Microcredit banks can commence their business with small amounts of capital and have less liability compared to larger financial institutions,’ said Dharmaraj Pandey, CEO of Paschimanchal Gramin Bikas Bank. “Due to this, investment in MFIs carries less risk, giving good returns.” Similarly, the fast-paced growth of the microcredit market and increasing investment of microfinance banks is also fuelling investor’s attraction, according to Pandey. </div>
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Anjanraj Poudyal, former Chairman of Stock Brokers Association of Nepal (SEBAN) also agreed with Pandey. “The number of MFIs listing in the stock exchange having competent promoters has significantly gone up in recent years which have helped attract more investment in this sector,” Poudyal said. According to Poudyal, investment is coming from individuals as well as institutions. “Some mutual funds are giving high priority to the shares of microfinance banks in their portfolio,” he mentioned. </div>
<div>
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<div>
Investors are looking optimistic about their investments in MFIs. “The directive given by NRB to banks and financial institutions for loan expansion to the impoverished people is ascending the demand of MFIs shares in the market, however the equilibrium of such demand and supply is not well balanced,” mentioned an investor in the condition of anonymity. “The earning per share (EPS) of many microfinance banks is better than some commercial banks,” he added. </div>
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</div>
<div>
According to official data, 31 microfinance banks, 15 microcredit co-operative and 31 microcredit non-government organisations (NGOs) are actively providing services throughout the country. In regard to this, the number of MFIs in stock exchange is gradually rising. The total number of shares of 11 microfinance banks listed in NEPSE reached 273.638 million towards the end of Shrawan. Out of the listed 11 banks, share transactions of three companies have been held back due to various reasons. </div>
<div>
</div>
<div>
<strong><span style="font-size:14px;">‘Different category for MFIs in NEPSE needed’</span></strong></div>
<div>
Microfinance banks are placed in the development bank section of the NEPSE index. However, with the rising number, voices are being raised to separate microfinance banks from development banks in the share index. “As the listing is constantly rising, separate group is needed for effective management of microcredit banks in the share index,” SEBAN’s former chairman Poudyal said. </div>
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Anjanraj Poudyal, former Chairman of Stock Brokers Association of Nepal (SEBAN) also agreed with Pandey. “The number of MFIs listing in the stock exchange having competent promoters has significantly gone up in recent years which have helped attract more investment in this sector,” Poudyal said. According to Poudyal, investment is coming from individuals as well as institutions. “Some mutual funds are giving high priority to the shares of microfinance banks in their portfolio,” he mentioned. </div>
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Investors are looking optimistic about their investments in MFIs. “The directive given by NRB to banks and financial institutions for loan expansion to the impoverished people is ascending the demand of MFIs shares in the market, however the equilibrium of such demand and supply is not well balanced,” mentioned an investor in the condition of anonymity. “The earning per share (EPS) of many microfinance banks is better than some commercial banks,” he added. </div>
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</div>
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<strong><span style="font-size:14px;">‘Different category for MFIs in NEPSE needed’</span></strong></div>
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Microfinance banks are placed in the development bank section of the NEPSE index. However, with the rising number, voices are being raised to separate microfinance banks from development banks in the share index. “As the listing is constantly rising, separate group is needed for effective management of microcredit banks in the share index,” SEBAN’s former chairman Poudyal said. </div>
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<strong><span style="font-size:14px;">‘Different category for MFIs in NEPSE needed’</span></strong></div>
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<strong><span style="font-size:14px;">‘Different category for MFIs in NEPSE needed’</span></strong></div>
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<strong><span style="font-size:14px;">‘Different category for MFIs in NEPSE needed’</span></strong></div>
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Microfinance banks are placed in the development bank section of the NEPSE index. However, with the rising number, voices are being raised to separate microfinance banks from development banks in the share index. “As the listing is constantly rising, separate group is needed for effective management of microcredit banks in the share index,” SEBAN’s former chairman Poudyal said. </div>
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<div>
Anjanraj Poudyal, former Chairman of Stock Brokers Association of Nepal (SEBAN) also agreed with Pandey. “The number of MFIs listing in the stock exchange having competent promoters has significantly gone up in recent years which have helped attract more investment in this sector,” Poudyal said. According to Poudyal, investment is coming from individuals as well as institutions. “Some mutual funds are giving high priority to the shares of microfinance banks in their portfolio,” he mentioned. </div>
<div>
</div>
<div>
Investors are looking optimistic about their investments in MFIs. “The directive given by NRB to banks and financial institutions for loan expansion to the impoverished people is ascending the demand of MFIs shares in the market, however the equilibrium of such demand and supply is not well balanced,” mentioned an investor in the condition of anonymity. “The earning per share (EPS) of many microfinance banks is better than some commercial banks,” he added. </div>
<div>
</div>
<div>
According to official data, 31 microfinance banks, 15 microcredit co-operative and 31 microcredit non-government organisations (NGOs) are actively providing services throughout the country. In regard to this, the number of MFIs in stock exchange is gradually rising. The total number of shares of 11 microfinance banks listed in NEPSE reached 273.638 million towards the end of Shrawan. Out of the listed 11 banks, share transactions of three companies have been held back due to various reasons. </div>
<div>
</div>
<div>
<strong><span style="font-size:14px;">‘Different category for MFIs in NEPSE needed’</span></strong></div>
<div>
Microfinance banks are placed in the development bank section of the NEPSE index. However, with the rising number, voices are being raised to separate microfinance banks from development banks in the share index. “As the listing is constantly rising, separate group is needed for effective management of microcredit banks in the share index,” SEBAN’s former chairman Poudyal said. </div>
<div>
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