- Siddhartha Development Bank Limited
Here is the capital plan submitted by the bank to hike its paid up capital.
| S.N. |
Title |
Duration |
Rate |
Siddhartha |
EkataBikas Bank |
Others |
Total amount(in’000’) |
| 1 |
Merger |
F.Y.2072/73 till End of Poush |
|
|
|
|
|
| |
Paid up Capital |
|
|
645,000 |
200,000 |
300,000 |
1,145,000 |
| |
Bonus Share (2071/72) |
|
Percent |
11% |
10% |
0% |
|
| |
|
|
Amount |
70950 |
20000 |
0 |
90,950 |
| |
|
|
|
715950 |
220000 |
300000 |
1,235,950 |
| 2 |
Bonus Share |
FY 2073/74 till end of Ashoj |
|
|
|
|
|
| |
Bonus Share (2072/73 ) |
|
20% |
247190 |
|
|
1,483,140 |
| 3 |
Right Share |
FY 2073/74 till end of Chait |
|
|
|
|
|
| |
Right Share
( 2073/74) |
|
2:1 ratio |
741570 |
|
|
2,224,710 |
| 4 |
Bonus Share |
FY 2074/75 till end of Ashoj |
|
|
|
|
|
| |
Bonus Share
( 2073/74) |
|
15% |
333707 |
|
|
2,558,417 |
- To increase the paid up capital of Rs 125 crore by the end of Poush through merger. The bank has gone in merger process with 10 district level Ekata Bikas Bank and is in further process of merger with other BFIs to increase the paid up capital by Rs 30 crore.
- To accomplish the joint merger process by the end of Magh 2072 and by the end of Ashoj distribute 20% bonus share from the net profit earned in the FY 2072/73.
- To issue 2:1 right share by end of Chaitra 2072 and maintain paid up capital Rs 222.4 crore.
- To distribute 15% bonus share by the end of Ashoj 2074 from the net profit of the FY 2073/74
- Excel Development Bank Limited
1-3 district level Excel Development bank Limited has a paid up capital of Rs 20.25 crore at present. By the end of fiscal year 2074, the bank needs to hike its paid up capital to Rs 50 crore.
Here is the capital plan submitted by the bank to hike its paid up capital.
- The bank will issue 26% bonus to its shareholders from the net profit of fiscal year 2071/72. After bonus share the bank will be issuing 25.92% right shares. The process of issuing right shares is being carried out. By the end of Poush 2072, the bank will have a paid up capital of Rs 30.76 crore.
- The bank has plan to issue 28% bonus share from the profit of fiscal year 2072/73 after which its paid up capital will reach to Rs 39.37 crore by the end of poush of the year 2073.
- From the profit of fiscal year 2073/74, the bank will be issuing 27% bonus share after which its paid up capital will stand at Rs 50 crore.
- Even after the issuance of bonus share, if the paid up capital fails to meet the requirement of paid up capital of Rs 50 crore then the bank will issue the right share to reach its paid up capital.
Though the bank has capability of reaching the paid up capital by issuing bonus and right shares, but for the benefit of shareholders, employees of the bank and to increase the business of the bank, the bank will also give priority to go for merger with other BFIs.
