August 21, 2023 | Investopaper
In a significant stride towards expanding its foothold in the securities domain, RBB Securities Company, a wholly owned subsidiary of Rastriya Banijya Bank, has received regulatory approval from the Securities Board of Nepal (SEBON) to operate as a limited acting securities broker.
With an initial paid-up capital of NPR 200 million, RBB Securities is gearing up to venture into stock brokerage operations in the imminent future, subject to acquiring membership status with the Nepal Stock Exchange. This strategic leap mirrors the bank’s mission to amplify its participation in the capital market.
Rastriya Banijya Bank has previously paved the way for merchant banking services through the establishment of RBB Merchant Banking Limited, an affiliated entity exclusively dedicated to merchant banking transactions.