Kathmandu, May 15
Merchant banks have stopped all services
except the services needed to run securities transactions online.
Merchant Banker Association of Nepal
(MBAN) said in a statement on Saturday that the services were stopped as per
the directives of the Securities Board of Nepal (SEBON) which directed the
banks to run only the essential services.
The board on Thursday had directed the
merchant banks to run services needed for securities transactions, stop
physical service delivery and make payments of the share transactions made by
small investors.
MBAN said that all services that require
physical presence of the staff and customers are stopped.
"Since the government has
restricted people to go out unless they have urgent work and the SEBON directed
us not to keep more than three staff in the office and run services through work
from home, we urge all investors to give priority to online services for the
lockdown period," read the statement.
It has urged the investors to make share
transactions online and use EDIS (Electronic Deposit Instruction Slip) while
selling the shares.
Published in The Rising Nepal daily on 16 May 2021.
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