31 companies including 22 Commercial Banks will transact in Demat form from today
Mon, Aug 17, 2015 12:00 AM on Others,
ShareSansar, August 17:
CDSC has instructed 31 listed companies to get their shares fully dematerialized by today (Shrawan 32, 2072. From today, the transactions in the shares of these companies cannot take place in the BT form or physical form as the shares of these companies will have to be traded in the demat form.
After today, there will be a total of 65 companies being traded only in DEMAT form.
|
SN |
Name of the companies |
|
1 |
Agricultural Development Bank Limited |
|
2 |
Bank of Kathmandu Limited |
|
3 |
Century Commercial Bank Limited |
|
4 |
Citizens Bank International Limited |
|
5 |
Civil Bank Limited |
|
6 |
Everest Bank Limited |
|
7 |
Himalayan Bank Limited |
|
8 |
Kumari Bank Limited |
|
9 |
Laxmi Bank Limited |
|
10 |
Lumbini Bank Limited |
|
11 |
Machhapuchchhre Bank Limited |
|
12 |
Mega Bank Nepal Limited |
|
13 |
Nepal Bangladesh Bank Limited |
|
14 |
Nepal Bank Limited |
|
15 |
Nepal Credit and Commerce Bank Limited |
|
16 |
Nepal SBI Bank Limited |
|
17 |
NIC Asia Bank Limited |
|
18 |
NMB Bank Limited |
|
19 |
Prabhu Bank Limited |
|
20 |
Sanima Bank Limited |
|
21 |
Siddhartha Bank Limited |
|
22 |
Grand Bank Nepal Limited |
|
23 |
Business Universal Development Bank Limited |
|
24 |
Rural Micro Finance Development Bank Limited |
|
25 |
Kailash Bikas Bank Limited |
|
26 |
Summit Micro Finance Development Bank Limited |
|
27 |
Swabalamban Laghubitta Bikas Bank Limited |
|
28 |
City Development Bank Limited |
|
29 |
Deprosc Development Bank Limited |
|
30 |
Shine Resunga Development Bank Limited |
|
31 |
Excel Development Bank Limited |
All the 28 Commercial Banks that are being traded at NEPSE will have their transactions done only in demat form.
It is believed that electronic trading and settlement, facilitated by CDSC, would free the traders and individual investors from the hassles and risks associated with physical shares.
