Eight banks likely to issue bonus shares to meet NRB rule
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 |