Kathmandu, May 10
Brief Financial Analysis of Development Banks in Nepal until the end of Chaitra, 3rd Quarter of 2070/71.
Brief Financial Analysis of Development Banks in Nepal until the end of Chaitra, 3rd Quarter of 2070/71.
Showing posts with label Development Banks. Show all posts
Showing posts with label Development Banks. Show all posts
Saturday, May 10, 2014
Thursday, December 12, 2013
Financial institutions scramble to hold AGM
KATHMANDU: Dec 12, 2013
About two and a half dozen financial institutions are scrambling to conduct their annual general meetings (AGM) in the next one month to meet the regulator’s fixed deadline.
About 31 financial institutions — commercial banks, development banks and finance companies — will be holding their AGMs between early December and early January. Moreover, during this period share investors are particularly flush with cash as the AGMs of the financial institutions give a final approval for the dividend distribution.
Nepal Rastra Bank (NRB)’s — financial sector regulator — regulations require financial institutions to conduct their AGM within five months of the completion of the fiscal year. However, if they place a request for extension of the deadline, the central bank allows them three more months.
About two and a half dozen financial institutions are scrambling to conduct their annual general meetings (AGM) in the next one month to meet the regulator’s fixed deadline.
About 31 financial institutions — commercial banks, development banks and finance companies — will be holding their AGMs between early December and early January. Moreover, during this period share investors are particularly flush with cash as the AGMs of the financial institutions give a final approval for the dividend distribution.
Nepal Rastra Bank (NRB)’s — financial sector regulator — regulations require financial institutions to conduct their AGM within five months of the completion of the fiscal year. However, if they place a request for extension of the deadline, the central bank allows them three more months.
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