Eight banks likely to issue bonus shares to meet NRB rule 

Mon, Jul 22, 2013 12:00 AM on Others, Others,

ShareSansar, July 22:

Nepal Rastra Bank’s new monetary policy has given commercial banks one more year to meet the minimum paid up capital requirement of Rs 2 arba.


The monetary policy leaves eight commercial banks out of 31 with two choices: either issue bonus shares or opt for merger.


Until now, the NRB had allowed the commercial banks’ to include 20% of their reserve with the paid up amount while showing their minimum capital base.


But the new monetary policy has done away with that leeway and asked the banks to maintain a minimum paid up of Rs 2 arba by Asar 2071.

Rs. In ‘000’

BANKS

Paid Up

Reserve

Bonus Expectation (%)

NCC

1470000

695409

36

 Lumbini

1601600

548618

25

 Kumari

1603800

941520

25

Siddhartha

1619244

844340

24

BOK

1684397

1444310

19

Laxmi

1694081

887793

18

Everest

1601126

3450511

25

Standard Chartered

1853900

3118573

8