TOP FIVE NEPSE COMPANIES OF FISCAL YEAR 2071/2072

TOP FIVE NEPSE COMPANIES OF FISCAL YEAR 2071/2072

As of upto2015/8/13 

NIDC Dev. Bank proposes 133% bonus shares; Araniko Dev. Bank pledges 5% bonus & 10% cash, Zenith Finance 8.5% bonus shares

NIDC Development Bank Limited has proposed a stunning 133 percent bonus shares to the shareholders from the net profit it posted in the last fiscal year.

Likewise, Araniko Development Bank Limited has pledged 15 percent dividend -- 5 percent bonus share and 10 percent cash – the shareholders.

Similarly, Zenith Finance Limited has proposed 8.5 percent bonus share.

Nepal Rastra Bank (NRB) resents NIDC Dev. Bank ‘transformation’ into an infrastructure development bank

The government’s decision to transform the NIDC Development Bank into an infrastructure development bank has not gone down well with the Nepal Rastra Bank (NRB). The central bank has ‘strong reservations’ over the budget announcement that talks of such a transformation.
According to NRB officials, the decision was taken without taking the central bank’s opinions on the matter. According to them, transforming the NIDC into a development bank is not feasible, given its financial status and managerial capacity.

“We are not happy with the government’s decision,” a senior NRB official said. “There is also the question of how the huge capital needed for an infrastructure bank would be managed.”
Finance Secretary Shanta Raj Subedi, however, defended the decision, saying that there was no need to take opinion from others as the move was made by the government.

Rastriya Banijya Bank (RBB) preference shares converted into ordinary shares

The special general meeting (SGM) of Rastriya Banijya Bank (RBB) on Sunday approved the conversion of 8,735,700 units of preference shares worth Rs 873.57 million into ordinary shares.
With the c onversion of the preference shares owned by the government, RBB’s paid-up capital has reached Rs 8.58 billion.
The SGM approved the capital restructuring through an amendment to the bank’s memorandum of association and regulation presented by RBB Chairman Narahari Dhakal. “The conversion has been made as per the bank’s capital plan,” said RBB Chief Executive Officer Krishna Prasad Sharma. “This will help maintain the bank’s capital adequacy ratio at 3 percent for the first time as of mid-July,” he said.

NIDC Development Bank Ltd to open the auction of Nabil Bank Ltd Group B promoters share on 7 July, 2013 (23 Ashar, 2070)

NIDC Development Bank Ltd. is opening the auction of Nabil Bank Ltd Group B promoters share on 7 July, 2013 (23 Ashar, 2070).
src: nepalsharemarket