Niranjan Tibrewal and Sanjay Kumar Surekha elected as BOD member of Nepal SBI

ShareSansar, January 30:

The 21st Annual General Meeting of Nepal SBI Bank Limited (NSBI) has elected 2 directors representing public shareholders group; namely Niranjan Kumar Tibrewal and Sanjay Kumar Surekha.

The AGM also approved the agendas to distribute 22 percent dividend – 15 percent bonus share and 7 percent cash – to its shareholders from the profit it earned in the last fiscal year 2070/71.

The bank is raising its authorized capital from Rs 3 billion to Rs 7 billion. Other agenda includes the approval of financial statement of FY 2070/71.

The bank is also raising its issued capital and paid up capital to Rs 3.06 billion to issue bonus share and Further Public Offering (FPO) to make public shareholding ratio 30 percent.

Nepal SBI Bank Limited earns Rs 92.29 crore during the last fiscal year 2070/71.