Nepal Rastra Bank (NRB) has directed the Bank and Financial Institutions (BFI) to raise their paid-up capital by the end of fiscal year 2073/74. The NRB had asked the BFI to publicly disclose their proposal to increase the paid up capital.
- Sewa Bikas Bank Limited
Sewa Bikas Bank Limited (SEWA) is 10 district level development banks. As per the monetary policy for the fiscal year 2072/73, 10 district level development banks need to hike their paid up capital to Rs 1.20 arba by the end of Ashad 2074.
Here is the plan of the Sewa Bikas bank to increase their paid up capital:
| S. No. |
Plans to raise paid up capital |
In Rs |
| 1. |
Paid up capital till the end of fiscal year 2071/72 |
360,640,000 |
| 2. |
18% Bonus share from the net profit of fiscal year 2071/72 |
64,915,200 |
| 3. |
From the institution getting merged |
600,000,000 |
| 4. |
Paid up capital by the end of Ashad 2073 |
1,025,555,200 |
| 5. |
Issuance of maximum of 20% bonus share from the profit of fiscal year 2072/73 after the merger |
205,111,040 |
| 6. |
Paid up capital By the end of Ashad 2074 (including assumed 20% bonus share) |
1,230,666,240 |
- Biratlaxmi Bikas Bank Limited
Biratlaxmi Bikas Bank Limited (BLDBL) has a paid up capital of Rs 34 crore. Biratlaxmi is also 10 district level development bank.
The company plans to hike its paid up capital in following way:
| Descriptions |
Fiscal year 2072/73 in ‘000 |
Fiscal year 2072/73 in ‘000 |
Fiscal year 2073/74 in ‘000 |
Total
In Rs ‘000 |
| Paid up capital till the end of fiscal year 2071/72 |
34,02,86 |
|
|
34,02,86 |
| The bank will issue bonus share from the net profit of Fiscal year 2071/72 and Fiscal year 2072/73 |
|
8,16,69 |
9,28,30 |
17,44,99 |
| The bank will go for merge with other Banks and BFIs |
|
|
6,85,215 |
6,85,215 |
| Total Paid up (Assumed) |
34,02,86 |
42,19,55 |
12,00,00 |
12,00,00 |
