The bank can announce the AGM date after its financial reports of the last two FYs get approved. The bank has obtained NRB approval for conducting AGM of previous FY 2073/74 following approval of financial report of the FY.
Earlier, Patan High Court paves way of conducting AGM for the bank by finalizing all court cases against it.
According to a source, the bank will conduct AGM of both FYs at once. Currently, the bank has paid-up capital of Rs 7.01 billion. In order to meet the minimum paid-up capital requirement, the bank will have to distribute bonus share of 15 percent.
