The meeting will delegate authority to BOD to amend article and memorandum of association, appoint an independent director, elect three directors each from ordinary and promoter shareholders and appoint an auditor.
In this regard, the bank is closing its book on March 22, thus, the shareholders registered in its book till March 21 will be eligible to attend the AGM.
Previously, the bank had announced of distributing 15 percent stock and 0.78 percent cash dividend, however, Nepal Rastra Bank (NRB) disapproved the dividend proposal citing inadequate capital conservation buffer.
