Tourism Development Bank gets approval for ASBA system
Sun, Jan 15, 2017 1:00 PM on Latest, Featured, Stock Market,
Tourism Development Bank Limited has received approval from SEBON for Application Supported by Blocked Amount (ASBA) system. Now, investors can apply for FPO/IPO by withholding the amounts in their respective accounts maintained at Tourism Development Bank.
ASBA system has been implemented from yesterday (Magh 1, 2073). Till date, 27 commercial banks and development banks have been approved for the system. SEBON intends to gradually provide license to finance companies as well.
