A bond is a fixed income instrument in which a loan is give by an investor to a borrower. If you buy a bond from a company, you have that amount to the company, and like all other loans, you earn an interest on your investment.
Last Updated Date: May 17, 2022
Global Bank Limited (GBL) was established in 2007 as an ‘A’ class commercial bank in Nepal which provided entire commercial banking services with the largest capital base at the time with paid up capital of NPR 18.97 billion. Global Bank was renamed to Global IME Bank after merger with Reliable Development Bank ,Pacific Development Bank , Social Development Bank , Gulmi Bikas Bank, IME Finance, Lord Buddha Finance, and Commerz and Trust Bank). Global IME bank is currently trading in Nepal Stock Exchange with symbol GBIME. GBIME has provided a dividend return of 16 percent in fiscal year 2074/75. Global IME Bank Limited has appointed Global IME Capital Limited (Elite) as it’s share registrar. As a section of financial inclusion, Global IME Bank addressed a new strategy of launching branchless banking providers in the most remote part of the country where presence of economic institutions are very less in number or aren’t present at all . Within 8 years of the period the bank has already launched 218 branchless banking offerings catering more than 41,000 customers on their each day deposits and withdrawals. Their branchless banking areas additionally offer micro lending facility to small farmers and businessmen. The bank has different pursuits in hydro power, manufacturing, textiles, service industry, aviation, exports, trading and microfinance tasks. GIBL has been conferred with “The Bank of the Year Award 2014” for Nepal by the Bankers Magazine (Publication of the Financial Times, UK), “Best Internet Bank 2016- Nepal” by International Finance Magazine, London and “Best Employer Award 2018” by way of World HRD Congress, India.
A bond is a fixed income instrument in which a loan is give by an investor to a borrower.Loans Against Securities is available in the form of an overdraft facility which is pledged against financial securities like shares, units and bonds. Loan Against Shares/Bonds/Mutual Funds is basically a loan where you pledge the securities you have invested in as collateral against the loan amount.
A bond is a fixed income instrument in which a loan is given by an investor to a borrower.If you hold the government bonds yourself, you can either open a margin brokerage account, put the bonds in the account, then borrow against them, or you can borrow from a bank using the bonds as collateral.Bonds are subject to risks such as the interest rate risk, prepayment risk, credit risk, reinvestment risk, and liquidity risk.While granting advances against shares held in joint names to joint holders or third party beneficiaries, banks normally ensure that the objective of the regulation is not defeated by granting advances to other joint holders or third party beneficiaries to circumvent the limits placed on loans/advances against shares and other securities.Banks avail the facility of Pledge of the dematerialized shares/debentures in the depository system, whereby the securities pledged by the borrower get blocked in favour of the lending bank. The loan limit depends on the valuation of the security, applicable margin and ability to service and repay the loan. Loan is normally given in the form of overdraft facility against the pledge of the securities. Interest has to be paid for the amount and period for which the overdraft facility is utilized. A declaration is obtained from the borrower indicating the details of the loans / advances availed against shares and other securities, from any other bank, in order to ensure compliance with the ceilings prescribed for the purpose.
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