October 6: NIC Asia Bank is distributing 26 percent bonus share to its shareholders. The 19 ^th Annual General Meeting (AGM) of the bank held on October 4 has endorsed a proposal to distribute the 26 percent bonus share. The meeting also endorsed a proposal to issue 15 percent right shares of the paid-up capital maintained after distributing bonus shares.

Similarly, the AGM also approved ambitious branch expansion plan of the bank. According to the plan, the bank will operate additional 40 branches in both urban and rural areas within the current FY 2073/74. Likewise, the bank will also conduct tree-plantation program as a part of its corporate social responsibility. The bank has also announced to forward the concept of paperless office in the AGM.