Garima Bikas Bank receives permission for ASBA system; a/c holders can apply for StanChart FPO from all branches

Garima Bikas Bank Limited has received permission from SEBON to accept applications from ASBA (Applications Supported by Blocked Amount) process. Now, applications having accounts in Garima Bikas Bank can apply any public offering (IPO/FPO) from any branch of the bank. Issuing a press statement, the bank said that it had received approval from SEBON on Falgun 28, 2073. All account holders of the bank can also apply for the ongoing FPO of Standard Chartered Bank Nepal Limited through any of the 40 branches of the development bank.