NRB approves 14% Bonus Shares of Siddhartha Bank; paid up capital to reach Rs 8.47 arba

Nepal Rastra Bank has approved the proposed bonus shares of Siddhartha Bank Limited (SBL). As per the notice published in NEPSE today, NRB has approved the proposed bonus shares of Siddhartha Bank Limited to its shareholders. The board meeting of the bank held on Poush 20, 2074 had proposed 14% bonus shares from the net profit of FY 2073/74. Moreover, SBL has issued 10% right shares of worth Rs 68.26 crore to its shareholders to meet the capital requirement of Rs 8 arba as directed by Nepal Rastra Bank (NRB). Its paid up capital will reach to Rs 8.47 arba after adjustment of 10% right shares and 14% bonus shares from the net profit of FY 2073/74. It had earned Rs 77.28 crore in the second quarter of the FY 2074/75. Its LTP stood at Rs 343 as of last trading day.