New Delhi, March 20 -- The Association of Investment Banker of India (AIBI) has signed a Memorandum of Understanding (MoU) with Merchant Bankers Association of Nepal (MBAN) outlining the framework for collaboration and mutual co-operation to promote capacity building, professional development, regulatory understanding, and best practices among investment bankers and investment banking professionals in India and Nepal.

An official release from AIBI on Thursday said that the MoU will be in effect for a period of three years, mutually extendable further.

As part of the MoU, both AIBI and MBAN will collaborate on knowledge sharing, capacity building, policy advocacy, and networking opportunities alongside the promotion of ethical standards. ...