KATHMANDU, July 7 -- Banks are expected to start working as stock brokers soon as a task force under the parliamentary Finance Committee has given the green signal on the issue.
Amid the controversy whether banks should be provided with the brokerage license, the sub-committee formed under the parliamentary panel has recommended to allow banks to operate as brokerage firms. The sub-committee tasked with the responsibility of carrying out a study on the rationale of letting banks function in the stock exchange market submitted its report on Tuesday.
The development is also expected to end a year-long impasse on bringing new players in the stock exchange market. Last year, the parliamentary panel had asked the authority to put the issue on ...