The collaboration to foster capital market growth in India and Nepal, says AIBI
KATHMANDU, MARCH 23
The Association of Investment Bankers of India (AIBI) and the Merchant Bankers Association of Nepal (MBAN) have signed a Memorandum of Understanding (MoU) to enhance cooperation in the investment banking sector.
The MoU outlines the framework for collaboration and mutual co-operation to promote capacity building, professional development, regulatory understanding, and best practices for investment bankers and professionals in both countries, according to press release issued by the AIBI.
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 in investment banking. Additionally, the agreement includes joint events, research collaboration, policy representation, exchange programs, and digital collaboration to strengthen ties between investment banking professionals in Nepal and India.
The MoU will remain in effect for three years and can be mutually extended beyond this period.
Elaborating on the first international collaboration, AIBI CEO, Dr. Milind Dalvi said, " The capital market is growing at an unprecedented pace. India has emerged as the IPO hub for domestic firms as well as MNCs, catalyzing handsome capital formation in the country. This MoU signifies a commitment to fostering a more integrated and advanced investment banking environment in the region. We look forward to strengthening a robust ecosystem across stakeholders in the investment banking space."
Adding to it Ramendra Rayamajhi, Chairman, Merchant Bankers Association of Nepal said, "We believe that this partnership will play a vital role in building the capacity of investment banking professionals in Nepal, enabling them to compete globally and drive growth in our economies. The signing of this MoU is a testament to our commitment to fostering a collaborative and inclusive investment banking ecosystem in the region. We are thankful to AIBI for taking this significant milestone forward with MBAN"
The collaboration also seeks to strengthen relationships with regulatory authorities, ensuring better alignment and understanding between the regulatory frameworks of both nations. This is anticipated to create a more integrated and advanced investment banking environment in the region, benefiting stakeholders and contributing to the overall development of the capital markets in Nepal and India. the release noted