Nepal Bank Capital To Reach Rs 4 Billion

Nepal Bank Limited is set to increase its paid up capital to Rs 4 billion. Nepal Rastra Bank (NRB) approved the banks’ proposal to increase the capital base. Deputy Governor of NRB, Maha Prasad Adhikari said that the central bank approved the banks’ proposal to increase capital by issuing rights share. The bank has proposed to issue nine rights shares against one existing share. Currently, the bank has Rs 383 million paid up capital. 