KATHMANDU, March 30: Prabhu Bank has decided to become a depositary participant of Central Depository System (CDS) for starting electronic trading of its shares.
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The bank signed an agreement to this effect with CDS and Clearing Limited on Monday, according to a press statement issued by the bank. Now onwards the bank's shares can be traded electronically by opening a Demat account, the statement added. Ashok Sherchan, CEO of the bank, and Subodh Sharma, CEO of CDS and Clearing Limited, signed the agreement on Monday.
