Janata Bank appoints NCM as Issue Manager

August 10: Janata Bank has appointed NCM Merchant Banking as its Issue Manager. Janata Bank and NCM made an agreement regarding the matter on August 9. Kumar Lamsal, CEO of Janata Bank and Bijay Lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective organisationS.

The bank is preparing to issue 50 percent right shares from its total paid-up capital. Along with the right shares, the bank is planning to issue bonus shares and proceed merger or acquisition process in order to meet the minimum paid-up capital as directed by NRB. The bank is also planning to start 6 branches in various locations within the current FY.