December 27: Nepal Rastra Bank (NRB) has introduced a provision to provide loan up to 65 per cent by keeping share certificate letters as collateral. According to Rastriya Samachar Samiti (RSS), the central bank's decision is meant for reforms in the share market.

The central bank took the fresh move as per the recommendation made by a task force formed by Finance Minister Dr Yuba Raj Khatiwada. The central bank has also circulated the provision to the concerned banks and financial institutions about the latest development.

The state-run news agency said that the task force headed by Deputy Governor Shiba Raj Shrestha had submitted its report some days ago. Of the 58 points, 27 recommendations were to be implemented by the central bank.

As per the direction, the loan released once could be reassessed and new benchmark for the loan could be ensured, it is said. The duration of such loan would not be longer than a year.