India and Nepal orgs ink MOU to develop investment banking sector

The MoU will be in effect for a period of 3 years.

The Apex body of Investment Bankers of India (AIBI) has signed a memorandum of understanding (MOU) with the Merchant Bankers Association of Nepal (MBANK) to collaborate and cooperate in the development of investment banking in both countries.

The MoU outlines 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.

The MoU will be in effect for a period of 3 years, mutually extendable further.

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

Additionally, joint events, research collaboration, policy representation, exchange programs and digital collaboration are also part of the MoU.