‘SEBON committed to protecting interest of investors’

KATHMANDU: The Executive Director of the Securities Board of Nepal (SEBON), Nabaraj Adhikari, has said that the stock market has a crucial role in supporting the country’s economic growth and added that the SEBON was committed to protecting the interest of the investors.

Addressing the 12th anniversary ceremony of NIMB Ace Capital Limited on Thursday, Adhikari said that SEBON was making efforts to address the concerns of fiscal management companies along with regulating and managing the jobs relating to securities and those involved in the field.

Stating that the monetary policy unveiled by the central bank last week has taken the policy to make the stock market vibrant, Executive Director Adhikari appreciated the removal of the cap of Rs 200 million on intuitional share traders.

Likewise, former chief secretary Bimal Koirala stated that the stock trading system should be made secured and reliable.

The Chief Executive Officer (CEO) of NIMB Ace Capital Limited Shivanth Bahadur Pandey argued that the company has emphasized capital mobilization through public offering for the country’s economic and social development.

CEO Pandey said that the institution was working for the nation’s prosperity while providing quality financial services.