KATHMANDU, Aug 21: RBB Securities Company, a fully owned subsidiary of Rastriya Banijya Bank, has been granted a license by the Securities Board of Nepal (SEBON) to operate as a limited acting securities broker. The approval signifies a significant step towards expanding the bank's presence in the securities sector.
With an initial paid-up capital of Rs 200 million, the securities company is poised to embark on stock brokerage operations in the near future, once it attains membership status with the Nepal Stock Exchange. This strategic move aligns with the bank's mission to enhance its engagement in the capital market.
SEBON grants broker license to 11 more companies
This development holds the promise of extending securities trading from its current urban-centric scope to encompass rural areas. By doing so, individuals residing in remote regions will have the opportunity to access the capital market's services. This initiative aims to bridge geographical disparities and empower a wider demographic with financial opportunities.
Rastriya Banijya Bank has previously facilitated merchant banking services through the establishment of RBB Merchant Banking Limited, a subsidiary entity devoted to merchant banking transactions.
