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'Article' => array(
'id' => '13838',
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'title' => ' Development Banks Demand Stockbroker License ',
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'summary' => 'August 19: Development banks have asked the government to pave the way for them to get stockbroker license.',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">August 19: Development banks have asked the government to pave the way for them to get stockbroker license. The Development Bankers Association has written to the Securities Board of Nepal (SEBON) asking for brokerage service through their subsidiary offices, according to a statement issued by the Association on Wednesday (August 18). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The Government of Nepal on the recommendation of the SEBON can allow banks and financial institutions to provide brokerage service through their subsidiary companies in line with Clause 62 of the Securities Act, 2063. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the Securities Businessperson (stockbroker and securities dealer) Rules, 2008, formulated by the SEBON to implement the same act, allows a subsidiary company having a 15 percent ownership of ‘A’ class bank or any of the financial institutions established by a special act to work as the securities brokers by taking a permission from the Board. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Development banks are providing banking services by acquiring 'B' class license from Nepal Rastra Bank as per the Companies Act 2006 and Banks and Financial Institutions Act 2017. The average paid-up capital of national-level development banks has exceeded Rs 3.4 billion and they ensure services to around 4.1 million clients through over 1,000 branches. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, development banks have mobilized deposits of Rs 445 billion while loans of Rs 383 billion have been disbursed to over 300,000 clients till the end of last fiscal year. -- RSS </span></span></span><br />
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'title' => ' Development Banks Demand Stockbroker License ',
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'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">August 19: Development banks have asked the government to pave the way for them to get stockbroker license. The Development Bankers Association has written to the Securities Board of Nepal (SEBON) asking for brokerage service through their subsidiary offices, according to a statement issued by the Association on Wednesday (August 18). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The Government of Nepal on the recommendation of the SEBON can allow banks and financial institutions to provide brokerage service through their subsidiary companies in line with Clause 62 of the Securities Act, 2063. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the Securities Businessperson (stockbroker and securities dealer) Rules, 2008, formulated by the SEBON to implement the same act, allows a subsidiary company having a 15 percent ownership of ‘A’ class bank or any of the financial institutions established by a special act to work as the securities brokers by taking a permission from the Board. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Development banks are providing banking services by acquiring 'B' class license from Nepal Rastra Bank as per the Companies Act 2006 and Banks and Financial Institutions Act 2017. The average paid-up capital of national-level development banks has exceeded Rs 3.4 billion and they ensure services to around 4.1 million clients through over 1,000 branches. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, development banks have mobilized deposits of Rs 445 billion while loans of Rs 383 billion have been disbursed to over 300,000 clients till the end of last fiscal year. -- RSS </span></span></span><br />
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
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'Article' => array(
'id' => '13838',
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'title' => ' Development Banks Demand Stockbroker License ',
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'summary' => 'August 19: Development banks have asked the government to pave the way for them to get stockbroker license.',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">August 19: Development banks have asked the government to pave the way for them to get stockbroker license. The Development Bankers Association has written to the Securities Board of Nepal (SEBON) asking for brokerage service through their subsidiary offices, according to a statement issued by the Association on Wednesday (August 18). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The Government of Nepal on the recommendation of the SEBON can allow banks and financial institutions to provide brokerage service through their subsidiary companies in line with Clause 62 of the Securities Act, 2063. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the Securities Businessperson (stockbroker and securities dealer) Rules, 2008, formulated by the SEBON to implement the same act, allows a subsidiary company having a 15 percent ownership of ‘A’ class bank or any of the financial institutions established by a special act to work as the securities brokers by taking a permission from the Board. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Development banks are providing banking services by acquiring 'B' class license from Nepal Rastra Bank as per the Companies Act 2006 and Banks and Financial Institutions Act 2017. The average paid-up capital of national-level development banks has exceeded Rs 3.4 billion and they ensure services to around 4.1 million clients through over 1,000 branches. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, development banks have mobilized deposits of Rs 445 billion while loans of Rs 383 billion have been disbursed to over 300,000 clients till the end of last fiscal year. -- RSS </span></span></span><br />
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'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">August 19: Development banks have asked the government to pave the way for them to get stockbroker license. The Development Bankers Association has written to the Securities Board of Nepal (SEBON) asking for brokerage service through their subsidiary offices, according to a statement issued by the Association on Wednesday (August 18). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The Government of Nepal on the recommendation of the SEBON can allow banks and financial institutions to provide brokerage service through their subsidiary companies in line with Clause 62 of the Securities Act, 2063. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the Securities Businessperson (stockbroker and securities dealer) Rules, 2008, formulated by the SEBON to implement the same act, allows a subsidiary company having a 15 percent ownership of ‘A’ class bank or any of the financial institutions established by a special act to work as the securities brokers by taking a permission from the Board. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Development banks are providing banking services by acquiring 'B' class license from Nepal Rastra Bank as per the Companies Act 2006 and Banks and Financial Institutions Act 2017. The average paid-up capital of national-level development banks has exceeded Rs 3.4 billion and they ensure services to around 4.1 million clients through over 1,000 branches. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, development banks have mobilized deposits of Rs 445 billion while loans of Rs 383 billion have been disbursed to over 300,000 clients till the end of last fiscal year. -- RSS </span></span></span><br />
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
//find the group of logged user
$groupId = $user['Group']['id'];
$user_id=$user["id"];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
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'title' => ' Development Banks Demand Stockbroker License ',
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'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">August 19: Development banks have asked the government to pave the way for them to get stockbroker license. The Development Bankers Association has written to the Securities Board of Nepal (SEBON) asking for brokerage service through their subsidiary offices, according to a statement issued by the Association on Wednesday (August 18). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The Government of Nepal on the recommendation of the SEBON can allow banks and financial institutions to provide brokerage service through their subsidiary companies in line with Clause 62 of the Securities Act, 2063. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the Securities Businessperson (stockbroker and securities dealer) Rules, 2008, formulated by the SEBON to implement the same act, allows a subsidiary company having a 15 percent ownership of ‘A’ class bank or any of the financial institutions established by a special act to work as the securities brokers by taking a permission from the Board. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Development banks are providing banking services by acquiring 'B' class license from Nepal Rastra Bank as per the Companies Act 2006 and Banks and Financial Institutions Act 2017. The average paid-up capital of national-level development banks has exceeded Rs 3.4 billion and they ensure services to around 4.1 million clients through over 1,000 branches. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, development banks have mobilized deposits of Rs 445 billion while loans of Rs 383 billion have been disbursed to over 300,000 clients till the end of last fiscal year. -- RSS </span></span></span><br />
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<span style="font-family:"Arial Unicode MS","sans-serif"">The Government of Nepal on the recommendation of the SEBON can allow banks and financial institutions to provide brokerage service through their subsidiary companies in line with Clause 62 of the Securities Act, 2063. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the Securities Businessperson (stockbroker and securities dealer) Rules, 2008, formulated by the SEBON to implement the same act, allows a subsidiary company having a 15 percent ownership of ‘A’ class bank or any of the financial institutions established by a special act to work as the securities brokers by taking a permission from the Board. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Development banks are providing banking services by acquiring 'B' class license from Nepal Rastra Bank as per the Companies Act 2006 and Banks and Financial Institutions Act 2017. The average paid-up capital of national-level development banks has exceeded Rs 3.4 billion and they ensure services to around 4.1 million clients through over 1,000 branches. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, development banks have mobilized deposits of Rs 445 billion while loans of Rs 383 billion have been disbursed to over 300,000 clients till the end of last fiscal year. -- RSS </span></span></span><br />
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include - APP/View/Articles/view.ctp, line 116
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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'id' => '13838',
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'title' => ' Development Banks Demand Stockbroker License ',
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'summary' => 'August 19: Development banks have asked the government to pave the way for them to get stockbroker license.',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">August 19: Development banks have asked the government to pave the way for them to get stockbroker license. The Development Bankers Association has written to the Securities Board of Nepal (SEBON) asking for brokerage service through their subsidiary offices, according to a statement issued by the Association on Wednesday (August 18). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The Government of Nepal on the recommendation of the SEBON can allow banks and financial institutions to provide brokerage service through their subsidiary companies in line with Clause 62 of the Securities Act, 2063. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the Securities Businessperson (stockbroker and securities dealer) Rules, 2008, formulated by the SEBON to implement the same act, allows a subsidiary company having a 15 percent ownership of ‘A’ class bank or any of the financial institutions established by a special act to work as the securities brokers by taking a permission from the Board. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Development banks are providing banking services by acquiring 'B' class license from Nepal Rastra Bank as per the Companies Act 2006 and Banks and Financial Institutions Act 2017. The average paid-up capital of national-level development banks has exceeded Rs 3.4 billion and they ensure services to around 4.1 million clients through over 1,000 branches. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, development banks have mobilized deposits of Rs 445 billion while loans of Rs 383 billion have been disbursed to over 300,000 clients till the end of last fiscal year. -- RSS </span></span></span><br />
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'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">August 19: Development banks have asked the government to pave the way for them to get stockbroker license. The Development Bankers Association has written to the Securities Board of Nepal (SEBON) asking for brokerage service through their subsidiary offices, according to a statement issued by the Association on Wednesday (August 18). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The Government of Nepal on the recommendation of the SEBON can allow banks and financial institutions to provide brokerage service through their subsidiary companies in line with Clause 62 of the Securities Act, 2063. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the Securities Businessperson (stockbroker and securities dealer) Rules, 2008, formulated by the SEBON to implement the same act, allows a subsidiary company having a 15 percent ownership of ‘A’ class bank or any of the financial institutions established by a special act to work as the securities brokers by taking a permission from the Board. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Development banks are providing banking services by acquiring 'B' class license from Nepal Rastra Bank as per the Companies Act 2006 and Banks and Financial Institutions Act 2017. The average paid-up capital of national-level development banks has exceeded Rs 3.4 billion and they ensure services to around 4.1 million clients through over 1,000 branches. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, development banks have mobilized deposits of Rs 445 billion while loans of Rs 383 billion have been disbursed to over 300,000 clients till the end of last fiscal year. -- RSS </span></span></span><br />
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::render() - CORE/Cake/View/View.php, line 473
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Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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August 19: Development banks have asked the government to pave the way for them to get stockbroker license. The Development Bankers Association has written to the Securities Board of Nepal (SEBON) asking for brokerage service through their subsidiary offices, according to a statement issued by the Association on Wednesday (August 18). The Government of Nepal on the recommendation of the SEBON can allow banks and financial institutions to provide brokerage service through their subsidiary companies in line with Clause 62 of the Securities Act, 2063. Likewise, the Securities Businessperson (stockbroker and securities dealer) Rules, 2008, formulated by the SEBON to implement the same act, allows a subsidiary company having a 15 percent ownership of ‘A’ class bank or any of the financial institutions established by a special act to work as the securities brokers by taking a permission from the Board. Development banks are providing banking services by acquiring 'B' class license from Nepal Rastra Bank as per the Companies Act 2006 and Banks and Financial Institutions Act 2017. The average paid-up capital of national-level development banks has exceeded Rs 3.4 billion and they ensure services to around 4.1 million clients through over 1,000 branches. Likewise, development banks have mobilized deposits of Rs 445 billion while loans of Rs 383 billion have been disbursed to over 300,000 clients till the end of last fiscal year. -- RSS
FormHelper::create() - CORE/Cake/View/Helper/FormHelper.php, line 383
include - APP/View/Articles/view.ctp, line 273
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
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<span style="font-family:"Arial Unicode MS","sans-serif"">The Government of Nepal on the recommendation of the SEBON can allow banks and financial institutions to provide brokerage service through their subsidiary companies in line with Clause 62 of the Securities Act, 2063. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the Securities Businessperson (stockbroker and securities dealer) Rules, 2008, formulated by the SEBON to implement the same act, allows a subsidiary company having a 15 percent ownership of ‘A’ class bank or any of the financial institutions established by a special act to work as the securities brokers by taking a permission from the Board. </span><br />
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<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, development banks have mobilized deposits of Rs 445 billion while loans of Rs 383 billion have been disbursed to over 300,000 clients till the end of last fiscal year. -- RSS </span></span></span><br />
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<span style="font-family:"Arial Unicode MS","sans-serif"">The Government of Nepal on the recommendation of the SEBON can allow banks and financial institutions to provide brokerage service through their subsidiary companies in line with Clause 62 of the Securities Act, 2063. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the Securities Businessperson (stockbroker and securities dealer) Rules, 2008, formulated by the SEBON to implement the same act, allows a subsidiary company having a 15 percent ownership of ‘A’ class bank or any of the financial institutions established by a special act to work as the securities brokers by taking a permission from the Board. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Development banks are providing banking services by acquiring 'B' class license from Nepal Rastra Bank as per the Companies Act 2006 and Banks and Financial Institutions Act 2017. The average paid-up capital of national-level development banks has exceeded Rs 3.4 billion and they ensure services to around 4.1 million clients through over 1,000 branches. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, development banks have mobilized deposits of Rs 445 billion while loans of Rs 383 billion have been disbursed to over 300,000 clients till the end of last fiscal year. -- RSS </span></span></span><br />
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include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]
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<span style="font-family:"Arial Unicode MS","sans-serif"">The Government of Nepal on the recommendation of the SEBON can allow banks and financial institutions to provide brokerage service through their subsidiary companies in line with Clause 62 of the Securities Act, 2063. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the Securities Businessperson (stockbroker and securities dealer) Rules, 2008, formulated by the SEBON to implement the same act, allows a subsidiary company having a 15 percent ownership of ‘A’ class bank or any of the financial institutions established by a special act to work as the securities brokers by taking a permission from the Board. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Development banks are providing banking services by acquiring 'B' class license from Nepal Rastra Bank as per the Companies Act 2006 and Banks and Financial Institutions Act 2017. The average paid-up capital of national-level development banks has exceeded Rs 3.4 billion and they ensure services to around 4.1 million clients through over 1,000 branches. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, development banks have mobilized deposits of Rs 445 billion while loans of Rs 383 billion have been disbursed to over 300,000 clients till the end of last fiscal year. -- RSS </span></span></span><br />
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<span style="font-family:"Arial Unicode MS","sans-serif"">The Government of Nepal on the recommendation of the SEBON can allow banks and financial institutions to provide brokerage service through their subsidiary companies in line with Clause 62 of the Securities Act, 2063. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the Securities Businessperson (stockbroker and securities dealer) Rules, 2008, formulated by the SEBON to implement the same act, allows a subsidiary company having a 15 percent ownership of ‘A’ class bank or any of the financial institutions established by a special act to work as the securities brokers by taking a permission from the Board. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Development banks are providing banking services by acquiring 'B' class license from Nepal Rastra Bank as per the Companies Act 2006 and Banks and Financial Institutions Act 2017. The average paid-up capital of national-level development banks has exceeded Rs 3.4 billion and they ensure services to around 4.1 million clients through over 1,000 branches. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, development banks have mobilized deposits of Rs 445 billion while loans of Rs 383 billion have been disbursed to over 300,000 clients till the end of last fiscal year. -- RSS </span></span></span><br />
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
file not found!
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
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'id' => '13838',
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'title' => ' Development Banks Demand Stockbroker License ',
'sub_title' => '',
'summary' => 'August 19: Development banks have asked the government to pave the way for them to get stockbroker license.',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">August 19: Development banks have asked the government to pave the way for them to get stockbroker license. The Development Bankers Association has written to the Securities Board of Nepal (SEBON) asking for brokerage service through their subsidiary offices, according to a statement issued by the Association on Wednesday (August 18). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The Government of Nepal on the recommendation of the SEBON can allow banks and financial institutions to provide brokerage service through their subsidiary companies in line with Clause 62 of the Securities Act, 2063. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the Securities Businessperson (stockbroker and securities dealer) Rules, 2008, formulated by the SEBON to implement the same act, allows a subsidiary company having a 15 percent ownership of ‘A’ class bank or any of the financial institutions established by a special act to work as the securities brokers by taking a permission from the Board. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Development banks are providing banking services by acquiring 'B' class license from Nepal Rastra Bank as per the Companies Act 2006 and Banks and Financial Institutions Act 2017. The average paid-up capital of national-level development banks has exceeded Rs 3.4 billion and they ensure services to around 4.1 million clients through over 1,000 branches. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, development banks have mobilized deposits of Rs 445 billion while loans of Rs 383 billion have been disbursed to over 300,000 clients till the end of last fiscal year. -- RSS </span></span></span><br />
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'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">August 19: Development banks have asked the government to pave the way for them to get stockbroker license. The Development Bankers Association has written to the Securities Board of Nepal (SEBON) asking for brokerage service through their subsidiary offices, according to a statement issued by the Association on Wednesday (August 18). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The Government of Nepal on the recommendation of the SEBON can allow banks and financial institutions to provide brokerage service through their subsidiary companies in line with Clause 62 of the Securities Act, 2063. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the Securities Businessperson (stockbroker and securities dealer) Rules, 2008, formulated by the SEBON to implement the same act, allows a subsidiary company having a 15 percent ownership of ‘A’ class bank or any of the financial institutions established by a special act to work as the securities brokers by taking a permission from the Board. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Development banks are providing banking services by acquiring 'B' class license from Nepal Rastra Bank as per the Companies Act 2006 and Banks and Financial Institutions Act 2017. The average paid-up capital of national-level development banks has exceeded Rs 3.4 billion and they ensure services to around 4.1 million clients through over 1,000 branches. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, development banks have mobilized deposits of Rs 445 billion while loans of Rs 383 billion have been disbursed to over 300,000 clients till the end of last fiscal year. -- RSS </span></span></span><br />
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
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'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">August 19: Development banks have asked the government to pave the way for them to get stockbroker license. The Development Bankers Association has written to the Securities Board of Nepal (SEBON) asking for brokerage service through their subsidiary offices, according to a statement issued by the Association on Wednesday (August 18). </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The Government of Nepal on the recommendation of the SEBON can allow banks and financial institutions to provide brokerage service through their subsidiary companies in line with Clause 62 of the Securities Act, 2063. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the Securities Businessperson (stockbroker and securities dealer) Rules, 2008, formulated by the SEBON to implement the same act, allows a subsidiary company having a 15 percent ownership of ‘A’ class bank or any of the financial institutions established by a special act to work as the securities brokers by taking a permission from the Board. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Development banks are providing banking services by acquiring 'B' class license from Nepal Rastra Bank as per the Companies Act 2006 and Banks and Financial Institutions Act 2017. The average paid-up capital of national-level development banks has exceeded Rs 3.4 billion and they ensure services to around 4.1 million clients through over 1,000 branches. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, development banks have mobilized deposits of Rs 445 billion while loans of Rs 383 billion have been disbursed to over 300,000 clients till the end of last fiscal year. -- RSS </span></span></span><br />
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<span style="font-family:"Arial Unicode MS","sans-serif"">The Government of Nepal on the recommendation of the SEBON can allow banks and financial institutions to provide brokerage service through their subsidiary companies in line with Clause 62 of the Securities Act, 2063. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the Securities Businessperson (stockbroker and securities dealer) Rules, 2008, formulated by the SEBON to implement the same act, allows a subsidiary company having a 15 percent ownership of ‘A’ class bank or any of the financial institutions established by a special act to work as the securities brokers by taking a permission from the Board. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Development banks are providing banking services by acquiring 'B' class license from Nepal Rastra Bank as per the Companies Act 2006 and Banks and Financial Institutions Act 2017. The average paid-up capital of national-level development banks has exceeded Rs 3.4 billion and they ensure services to around 4.1 million clients through over 1,000 branches. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, development banks have mobilized deposits of Rs 445 billion while loans of Rs 383 billion have been disbursed to over 300,000 clients till the end of last fiscal year. -- RSS </span></span></span><br />
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
