Business Economy


AIBI signs MoU with MBAN for capacity building

New Delhi, Mar 20 (UNI) 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.
Additionally, joint events, research collaboration, policy representation, exchange programs and digital collaboration are also part of the MoU.
Elaborating on the first international collaboration, AIBI CEO 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, catalysing 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.”
Added 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.”
UNI NK ARN
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