More than half a dozen financial institutions are relieved as the
central bank has extended the obligatory period for them to issue shares
to the public.
From now on, financial institutions can go public within three years of coming into operation, according to the recent unified directives for fiscal year 2013-14, issued by Nepal Rastra Bank (NRB).
Earlier, the obligatory period to issue shares for the public was two years of coming into operation.
At present, there are eight financial institutions that are past the two-year deadline of issuing shares
From now on, financial institutions can go public within three years of coming into operation, according to the recent unified directives for fiscal year 2013-14, issued by Nepal Rastra Bank (NRB).
Earlier, the obligatory period to issue shares for the public was two years of coming into operation.
At present, there are eight financial institutions that are past the two-year deadline of issuing shares
