NMB Bank Approves Allotment of Rs 3 Arba Perpetual Non-Cumulative Preference Shares
Summary
NMB Bank has approved the allotment of perpetual non-cumulative preference shares worth Rs 3 Arba to strengthen its capital base and support long-term financial stability.
Key Points
- NMB Bank approved the allotment of perpetual non-cumulative preference shares worth Rs 3 Arba.
- The decision was made in the 504th meeting of the Bank’s Board of Directors held on Magh 13, 2082.
- 3 crore units of preference shares were issued, each having a face value of Rs 100.
- The preference shares carry a fixed dividend rate of 8.25%.
- This allotment aims to strengthen NMB Bank's capital base and support long-term financial stability.
