Machhapuchhre Bank introduces ASBA system

Published On: January 18, 2017 10:11 AM NPT By: Republica | @RepublicaNepal

KATHMANDU, Jan 18 : Securities Board of Nepal (SEBON) has provided license to Machhapuchhre Bank Ltd to introduce Application Supported by Blocked Amount (ASBA) system.

According to a statement issued by the bank, the bank accounts of IPO applicant will not be debited until the shares are allotted. The bank has said that it would provide ASBA service from its 56 branch offices and one extension counter.

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