Trading of Janautthan Samudayic Bikas Bank suspended at NEPSE due to disagreement with RTS

The trading of  Janautthan Samudayic Bikas Bank (JSLBB) has been suspended by Nepal Stock Exchange Limited (NEPSE) due to unavailability of Pre and Post Trading.

As per an Official with the knowledge said, “Janautthan Samudayic Bikas Bank has some disagreement with its current issue manager Growmore Merchant Banker Limited. So the microfinance has appointed NIBL Capitals Limited as the RTS of Janautthan Samudayic Bikas Bank. However, the transition  between Growmore Merchant Banker and NIBL capital Limited has not gone smoothly. The regular works like signature verification, transfer of ownership, and other share related activities has been brought to grinding halt.”