Raptibheri Bikas Bank SGM approved 200% Right Share

Raptibheri Bikas Bank Limited (RBBBL) has sucessfully conduted its Special General Meeting (SGM). The SGM has approved to issue 1:2 (200%) right share to its shareholders. The SGM was held on Friday (Bhadra 17, 2073) at Nepalgunj. The development bank has paid up capital of Rs 14.37 crore in the fourth quarter of fiscal year 2072/73 as per unaudited report. After issuance of 200% right share it’s paid up capital will reach Rs 43.12 crore. Earlier, RBBBL had distributed 15 percent bonus share to its shareholders from the profit it made in the fiscal year 2071/72. The development bank had earned net profit of  Rs 1.50 crore in the fourth quarter of the fiscal year 2072/73.