Everest Bank Limited, CDSCL ink pact

KATHMANDU, JAN 28: 

Everest Bank Ltd (EBL) received licence of Depository Participant (DP) from CDS and Clearing Ltd (CDSCL) on Friday becoming the first commercial bank to receive such membership. EBL is now the authorised agent of Central Depository System and can handle various securities like Equity, Bonds, Warrantsin dematerialised form when comes in operation. The DP will be the link between the investor and the CDSCL and functions under the securities regulations of Securities Board of Nepal. The bank has also posted Rs 1.07 billion operating profit in the second quarter of the current fiscal year. Its NPA declined to 0.70 per cent compared to last quarter.

Source: THT