Mumbai : The Apex body of Investment Bankers of India, AIBI signs MOU with Merchant Bankers Association of Nepal (MBAN). 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 professional in India and Nepal. The MoU will be in effect for a period of 3 years, mutually extendable further.
As part of the MOU, 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.
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 Mr. 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
