National Banking Institute to convene AGM on Poush 27; Capital to rise to Rs 5 crore after 52.905% right issue

National Banking Institute (NBI) will be convening its 10^th AGM on Poush 27, 2075. The AGM will be convened in the premises of Alice Receptions, Gairidhara, Kathmandu at 11:00 AM.

The main agendas of the meeting include:

1. To issue 52.905% right shares and amend the MOA to increase the issued capital
2. To make changes in the regulations and to provide authority to the BOD to make such changes in the future.

Other agendas of the meeting include endorsement of audited report for the FY 2074/75, distribution of 5% cash dividend, appointment of statutory auditor for the FY 2075/76 and appointment of 4 directors.

The institute’s capital which currently stands at Rs 3.27 c rore will reach Rs 5 crore after the adjustment of the right shares.

20 commercial banks along with Nepal Rastra Bank hold the shares of the company.