NIBL Capital Markets new CDSC member

KATHMANDU, NOV 24: 

NIBL Capital Markets — a subsidiary of Nepal Investment Bank — has received depository membership licence from CDS and Clearing (CDSC) to start services as depository participant.

NIBL Capital, a licensed merchant banker from the Securities Board of Nepal, aims to provide depository participant services to investors through the branch network of its parent company.

A depository participant is an intermediary that maintains electronic accounts of securities on behalf of investors and provides services like transfer and sale of securities. NIBL Capital will work closely with CDSC to dematerialise and convert current stock of paper shares held by investors to electronic format.

“With its strength of professional expertise and strong capital base NIBL Capital will serve as an agent of change in achieving a common goal of economic growth,” said CEO Shivanth Pande.

Source: THT