February 23: NIC Asia Capital, a subsidiary company of NIC Asia Bank has obtained an approval of merchant banker. The company obtained the approval of merchant banking services including issue managing, securities underwriting, share registration and investment management from Securities Board of Nepal (SEBON) as per the Securities Broker Regulation, 2064.

After receiving final approval from Company Registrar Office, the company will provide new and customer oriented merchant banking services, said the company in a press statement.