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January 20: Rastriya Banijya Bank has announced of floating 30 per cent shares to the general people within the current FY. The bank has obtained the minimum paid-up capital of Rs 8 billion as per the directive of Nepal Rastra Bank before the time limit. Presently, the bank has paid-up capital of Rs 8.58 billion and has earned Rs 1.30 billion net profit in the six months of the current FY. Organising a press conference in the verge of its' 52th anniversary, Kiran Kumar Shrestha, CEO of the bank informed about the government decision of issuing the share. According to him, the share will be issued by the end of the current FY.
Earlier, the proposal of issuing 30 per cent share submitted by BOD of the bank to the Finance Ministry was declined by the then government. As per the Banks and Financial Institutions Act, the BFIs must issue 30 per cent shares to the general public; however, the bank has not issued the share till date.
"As the credit-deposit (CD) ratio of the bank is 66 per cent, there is no problem of investment," said Shrestha. "Presently, the bank has bad debt of 3 per cent which was 60 per cent 12 years back," he added.
The bank was established on January 23 1966. Presently, the bank is providing its services in 68 districts through 171 branches, 80 ATMs, 17 extension counters and 57 branchless banking. The bank is planning to add-up 18 branches, 40 ATMs and 25 branchless banking units within the current FY.
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'content' => '<p style="text-align: justify;">January 20: Rastriya Banijya Bank has announced of floating 30 per cent shares to the general people within the current FY. The bank has obtained the minimum paid-up capital of Rs 8 billion as per the directive of Nepal Rastra Bank before the time limit. Presently, the bank has paid-up capital of Rs 8.58 billion and has earned Rs 1.30 billion net profit in the six months of the current FY. Organising a press conference in the verge of its' 52th anniversary, Kiran Kumar Shrestha, CEO of the bank informed about the government decision of issuing the share. According to him, the share will be issued by the end of the current FY.</p>
<p style="text-align: justify;">Earlier, the proposal of issuing 30 per cent share submitted by BOD of the bank to the Finance Ministry was declined by the then government. As per the Banks and Financial Institutions Act, the BFIs must issue 30 per cent shares to the general public; however, the bank has not issued the share till date.</p>
<p style="text-align: justify;">"As the credit-deposit (CD) ratio of the bank is 66 per cent, there is no problem of investment," said Shrestha. "Presently, the bank has bad debt of 3 per cent which was 60 per cent 12 years back," he added.</p>
<p style="text-align: justify;">The bank was established on January 23 1966. Presently, the bank is providing its services in 68 districts through 171 branches, 80 ATMs, 17 extension counters and 57 branchless banking. The bank is planning to add-up 18 branches, 40 ATMs and 25 branchless banking units within the current FY.</p>
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<p style="text-align: justify;">Earlier, the proposal of issuing 30 per cent share submitted by BOD of the bank to the Finance Ministry was declined by the then government. As per the Banks and Financial Institutions Act, the BFIs must issue 30 per cent shares to the general public; however, the bank has not issued the share till date.</p>
<p style="text-align: justify;">"As the credit-deposit (CD) ratio of the bank is 66 per cent, there is no problem of investment," said Shrestha. "Presently, the bank has bad debt of 3 per cent which was 60 per cent 12 years back," he added.</p>
<p style="text-align: justify;">The bank was established on January 23 1966. Presently, the bank is providing its services in 68 districts through 171 branches, 80 ATMs, 17 extension counters and 57 branchless banking. The bank is planning to add-up 18 branches, 40 ATMs and 25 branchless banking units within the current FY.</p>
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<p style="text-align: justify;">Earlier, the proposal of issuing 30 per cent share submitted by BOD of the bank to the Finance Ministry was declined by the then government. As per the Banks and Financial Institutions Act, the BFIs must issue 30 per cent shares to the general public; however, the bank has not issued the share till date.</p>
<p style="text-align: justify;">"As the credit-deposit (CD) ratio of the bank is 66 per cent, there is no problem of investment," said Shrestha. "Presently, the bank has bad debt of 3 per cent which was 60 per cent 12 years back," he added.</p>
<p style="text-align: justify;">The bank was established on January 23 1966. Presently, the bank is providing its services in 68 districts through 171 branches, 80 ATMs, 17 extension counters and 57 branchless banking. The bank is planning to add-up 18 branches, 40 ATMs and 25 branchless banking units within the current FY.</p>
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<p style="text-align: justify;">"As the credit-deposit (CD) ratio of the bank is 66 per cent, there is no problem of investment," said Shrestha. "Presently, the bank has bad debt of 3 per cent which was 60 per cent 12 years back," he added.</p>
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<p style="text-align: justify;">"As the credit-deposit (CD) ratio of the bank is 66 per cent, there is no problem of investment," said Shrestha. "Presently, the bank has bad debt of 3 per cent which was 60 per cent 12 years back," he added.</p>
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