Kathmandu, Jan. 29 -- Stockbrokers who were reluctant to open branches outside the Kathmandu Valley until a few days ago have been rushing to open new branches after the government indicated that commercial banks could be issued brokering licence.

Nearly 25 brokers have applied at the Securities Board of Nepal (SEBON) seeking permission to extend their branches in 200 locations across the countries. "Except the rural areas, where there is no access of internet, the brokering companies have targeted to set up new branches all over Nepal," said Sebon officials.

Following the Finance Ministry's instruction, SEBON has asked the Nepal Stock Exchange (NEPSE) and CDS and Clearing to make necessary preparations to issue brokering licences to th...