Merchant banking licence

KATHMANDU: Securities Board of Nepal (Sebon) has granted merchant banking status to two financial institutions, Civil Capital Market Limited (CCM) and Nepal Sri Lanka Merchant Banking and Finance Limited (NCMBF), here today. Now, the number of issue manager has reached 14. Meanwhile, Sebon permitted SunRise Bank Limited to float shares. The bank had applied for issue of 3.75 million units of shares. — HNS

Bank’s logo change

KATHMANDU: Siddhartha Bank Ltd chairman Chiranjilal agarwal on Wednesday unveiled its new corporate logo. He said that the change in the logo was an important milestone for all the stakeholders of the bank as the new logo reflects the bank’s new commitment and the new promises that it holds for all of its customers. —HNS