Issuing a circular on August 24, the central bank directed BFIs to bring down the margin lending up to Rs 120 million if the loan is taken from multiple BFIs and up to Rs 40 million if the loan is taken from one institution within one year.
Through the monetary policy of the current FY, NRB set the margin limit cap of Rs 40 million for a single institution and of Rs 120 million from multiple BFIs.
Prior to the direction, if any borrower has taken loans above the limit, it should be brought down within the limit by one year.
