The Share Market Reform Struggle Committee has delivered a memorandum to the Nepal Rastra Bank (NRB) requesting that the Rs 120 million limit on margin lending, which was imposed by the NRB through monetary policy, be removed from effect.
On Monday, the NRB Executive Director and Spokesperson Dev Kumar Dhakal received a memorandum from the resistance committee outlining an 18-point demand.
Among the demands made in the memo are the removal of the cap on dividends that can be issued by microfinance firms and the amendment of the provision for provisioning, among other things.
Several members of the struggle committee stated that they had presented an 18-point letter in order to oppose attempts to gamble with the future of investors and that they would not cease their agitation until their demands were met. He warned that a relay hunger strike would be held from September 8 to 14 and a fast-unto-death would be held starting on September 15.
Investors also demonstrated their opposition to the NRB by displaying banners, posters, and sloganeering.