Kathmandu: The Securities and Exchange Board of Nepal (SEB) is preparing to give permission to others without issuing share broker license to the subsidiary of the bank. The Securities and Exchange Board of Nepal (SEB) has intensified discussions for this. This preparation of the board is against the direction of the Finance Committee of the Federal Parliament.

The Finance Committee had earlier asked to give broker license to the subsidiary of the bank by increasing the capacity along with the institutional good governance of the existing broker company. However, sources claim that the Securities and Exchange Board of India (SEBI) is preparing to issue licenses to other (individual) companies without giving licenses to the subsidiaries of the bank.

It is said that the proposal to add five brokers at the center and three to five brokers in each province is being discussed in the board of directors. Earlier, the preparation was to issue a license to a subsidiary of the bank. Accordingly, the Nepal Stock Exchange (NEPSE) had also collected applications from banks. Later, it was postponed on various pretexts.