Reform Task Force Urges Government to Float IPO of Rastriya Banijya Bank
Summary
The Reform Task Force has recommended the government to make Rastriya Banijya Bank public through an IPO to strengthen Nepal's banking sector.
Key Points
- The Reform Task Force has advised the government to float an IPO for Rastriya Banijya Bank.
- RBB is the largest public enterprise among commercial banks in Nepal with a capital base of Rs. 15.63 billion.
- Currently, 19 out of 20 commercial banks in Nepal have issued shares to the public, except RBB.
- RBB posted a net profit of Rs. 3.81 billion in FY 2024/25 and profits of Rs. 598.7 million in the first quarter of the current fiscal year, triple from last year.
