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NIC Asia Capital Starts Operation

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NIC Asia Capital Starts Operation
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March 6: NIC Asia Capital Limited, a subsidiary company of NIC Asia Bank has started its operation. Dr Rewat Bahadur Karki, Chairman of Securities Board of Nepal (SEBON) officially inaugurated the company amid a function on March 5.

“Considering the need of service provider companies in the present initial phase of Nepali market, NIC Asia Capital  has been launched in order to function as merchant banking and to make banking sector universal,” said Laxman Risal, CEO of the bank.

In the program, he informed that the company is planning to bring a new mutual fund scheme. The capital will provide services related with capital market from the office located at Babarmahal. The services include securities issuance and issue management, securities guarantee, share registrar and investment management, mutual fund management and merchant banking. The company is the 23rd registered merchant banking company of Nepal having Rs 100 million paid-up capital under the full ownership of NIC Asia Bank.

On the occasion, SEBON Chairman Karki informed of expanding functional area of the merchant banks. According to him, SEBON is preparing groundwork to increase the paid-up capital of merchant banks.  

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Manoj Agrawal

Can I get the website and email address of NIC asia capital