Muktinath Bikas Bank focuses on bonus and right shares; Reliable Dev. Bank aggressive on merger
Sat, Oct 3, 2015 7:00 AM on Latest, Dividend, Bonus & Rights, Stock Market,
Muktinath Bikas Bank
As per monetary policy issued by NRB, the national level development banks needs to hike their paid up capital to Rs 2.50 arba by the end of fiscal year 2074.
At present Muktinath Bikas Bank has a paid up capital of Rs 64 crore. The bank will be issuing 32% bonus share from the net profit of the fiscal year 2071/72 after which its paid up capital will reach to Rs 84.48 crore.
In the fiscal year 2072/73 the bank has plans to issue 50% right shares, go for merger with other financial institution which has a paid up capital of Rs 10 crore. The bank will be issuing 23% bonus share from the net profit of last fiscal year. By the end of fiscal year 2072/73, the bank will have a paid up capital of Rs 1.68 arba.
In the fiscal year 2073/74 the bank has plan to issue 25% right shares, go for acquisition/ merger with other financial institution with a paid up capital of Rs 10 crore. After that the bank has plan to issue 15% bonus share. By the end of fiscal year 2073/74, its paid up capital will reach to Rs 2.53 arba.
Reliable Development Bank
At present Reliable Development Bank has a paid up capital of Rs 71.68 crore. The bank has following plans to hike its paid up capital to Rs 2.50 arba.
The bank will be issuing 10% bonus share from the net profit earned in the fiscal year 2071/72. The bank has plan to acquire regional level development banks, national level finance companies or the bank will go into merger with national level development banks, the bank can also go for merger with other banks and financial institutions. The bank can also issue right shares if it fails to raise its paid up capital. Thus, the bank aims to raise Rs 81.98 crore through merger and acquisition or right shares, if necessary.
The bank will be issuing 10% bonus share from the net profit earned from the fiscal year 2072/73. The bank also has planned to issue 23% bonus share. The bank aims to acquire regional level development banks, national level finance companies or the bank will go into merger with national level development banks, the bank can also go for merger with other banks and financial institutions. The bank can also issue right shares if it fails to raise its paid up capital. . Thus, the bank aims to raise Rs 32.85 crore through merger and acquisition or right shares, if necessary.
By the end of fiscal year 2073/74, the bank will have a paid up capital of Rs 2.50 arba.
Reliable Development Bank
At present Reliable Development Bank has a paid up capital of Rs 71.68 crore. The bank has following plans to hike its paid up capital to Rs 2.50 arba.
The bank will be issuing 10% bonus share from the net profit earned in the fiscal year 2071/72. The bank has plan to acquire regional level development banks, national level finance companies or the bank will go into merger with national level development banks, the bank can also go for merger with other banks and financial institutions. The bank can also issue right shares if it fails to raise its paid up capital. Thus, the bank aims to raise Rs 81.98 crore through merger and acquisition or right shares, if necessary.
The bank will be issuing 10% bonus share from the net profit earned from the fiscal year 2072/73. The bank also has planned to issue 23% bonus share. The bank aims to acquire regional level development banks, national level finance companies or the bank will go into merger with national level development banks, the bank can also go for merger with other banks and financial institutions. The bank can also issue right shares if it fails to raise its paid up capital. . Thus, the bank aims to raise Rs 32.85 crore through merger and acquisition or right shares, if necessary.
By the end of fiscal year 2073/74, the bank will have a paid up capital of Rs 2.50 arba.
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