NCC Bank receives approval for ASBA system

Nepal Credit and Commerce Bank Limited (NCCB) has received approval for Applications Supported by Blocked Amount (ASBA) system from SEBON. Now, investors having accounts in the bank will have their application amount blocked in their account itself, and only the allotted amount will be deducted after the allotment. Issuing a press statement, the bank said that investors will be able to submit their application easily and will not have to spend hours in queue to submit their application, thereby saving a lot of time.