Future of Nepal's Capital Market | SEBON Chairman Dr. Gopal Prasad Bhatta | Investor Pod Ep 06

What does meaningful investor protection look like in Nepal, and what would it take to build a more efficient and developed capital market? In this episode of Investor Pod, Arpan Khanal, CFA, Founder & CEO of National Capital Limited, sits down with Dr. Gopal Prasad Bhatta, Chairperson of SEBON, for a wide-ranging conversation on Nepal’s capital market. They discuss investor protection, IPO and primary-market reforms, information disclosure, margin lending, market efficiency, mutual funds, institutional investors, digital scams, IPO pricing and book building, SEBON’s autonomy, and the broader vision for Nepal’s capital market under Vision 2036. The conversation also explores the balance between capital formation and investor protection, the role of entrepreneurship and wealth creation, and what a stronger, more transparent capital market could look like in the years ahead. TIMESTAMPS 00:00 Episode Highlights & Introduction 01:53 Dr. Bhatta’s Journey: 30 Years at NRB and a Career in Finance 05:43 Becoming SEBON Chairperson: Connecting the Dots 16:23 The Margin Lending Debate: NRB vs. SEBON 23:07 What Does Investor Protection Really Mean? 29:52 Information Flow, Prospectus Quality & Disclosure Standards 36:13 Why Capital Market Reforms Face Resistance? 38:01 Capital Mobilization vs. Investor Protection 46:35 Entrepreneurship, Wealth Creation & Nepal’s Capital Market 56:17 Digitalization, IT Policy & E-Voting 01:01:00 Are Nepal’s Mutual Funds Really Functioning as Mutual Funds? 01:05:15 SEBON Autonomy & The Two Proposed Acts 01:08:35 Digital Scams, Deepfakes & Investor Protection 01:13:03 The NPR 100 IPO Debate 01:20:49 Vision 2036: The Next Ten Years of Nepal’s Capital Market Subscribe for weekly finance insights. Contact us at +977- 9768582009 for investment management and merchant banking services. Disclaimer: This podcast is intended for informational and educational purposes only. The views and opinions expressed by the host and guests are based on personal experiences, investment journeys, and case studies and do not constitute financial, investment, or professional advice, nor should they be considered recommendations to buy, sell, or hold any securities.