Thursday, September 8, 2016

Everest Bank's Capital Plan

Everest bank Limited has submitted capital plan to Nepal Rastra Bank for increasing capital to Rs. 8 arab. According to Capital Plan, Bank is issuing further public Offering (FPO) at premium in running fiscal year. According to Bank Source, The premium amount is not fixed yet. As per published capital plan,  2 arab, 77 crore amount from free reserve will be capitalized. Furthermore, bank also capitalize 75 crore yearly from regular profit to meet paid up capital 8 arab within 2074 B.S. 

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