Banking News – Machhapuchchhre Capital Limited and Machhapuchchhre Bank Limited have entered into an agreement under which Machhapuchchhre Capital will handle the bank’s securities record management and share registrar-related services.

Under the agreement, Machhapuchchhre Capital will maintain the bank’s securities records and provide services including dematerialization of shares, transfer and registration, name transfers, share splitting, share freezing, and updating shareholder records, along with other functions related to share registrar services.

During the agreement signing ceremony, Subash Jhamarkatel, Deputy Chief Executive Officer of Machhapuchchhre Bank, and Upendra Malakar, Chief Executive Officer of Machhapuchchhre Capital, signed the agreement on behalf of their respective institutions.

Machhapuchchhre Capital is a subsidiary of Machhapuchchhre Bank. Established as a public limited company, the capital company has obtained a license from the Securities Board of Nepal (SEBON) to operate as a merchant banker.

The company currently provides services including securities underwriting, portfolio management, institutional advisory, depository participant services, issue and sales management, share registrar services, and mutual fund-related services.

Following the agreement, shareholder record management and share registrar services of Machhapuchchhre Bank will be handled through Machhapuchchhre Capital, providing shareholders with centralized access to these services.