Forum

NCC is very sure to reach atleast 700 before Book close but it will come below 450 after adjustment of BS because it's overall performance is not strong.

Yes. I have been maintaining KBL is better thn NCC after BS have been declared.

600

haina ye gathe, kina sabaile bichna hatar gareka hun? 38% bonus dine bhaner ta news aayekai chha, kina 1-2 din pani wait garna nasakeka holan?

I think 770

now what will be the share price of NCC bank before book close? pls. put your valuable comments dear friends...........

Wait is over: NCC Bank announces 38 percent bonus shares
ShareSansar, September 17:

The wait is finally over: Nepal Credit and Commerce (NCC) Bank Ltd has announced 38 percent bonus shares to its shareholders.

Likewise, the bank has also announced 2 percent cash dividend to its shareholders for the tax purpose.

NCC Bank spokserperson Ramesh Aryal confirmed the announcement.

“We have submitted the capital increment plan to the NRB. We have proposed a total of 40 percent dividend which includes 38 percent bonus shares and 2 percent cash for the tax purpose,” NCC Bank spokesperson Aryal told ShareSansar.

The dividend announcement is, however, subject to the approval of the bank’s upcoming annual general meeting and the Nepal Rastra Bank (NRB).

NCC spokesperson Aryal also told ShareSansar that the bank is planning to convene the joint AGM of last two years by Ashoj end or Kartik first week.

If the proposed 38 percent bonus shares is approved, its paid-up capital will reach Rs 2.03 arba. The current paid up capital of the bank is Rs 1.47 arba, which is lower that the paid-up capital of Rs 2 arba prescribed by the NRB.

NRB which was reeling under the turbulence due to the internal feuds of two warring promoter groups led to the NRB’s intervention in the NCC Bank. NRB had taken over the management of the NCC Bank on February this year after its efforts to settle down the tussle between two promoter groups went into vain.

The central bank had deputed a three-member team under the leadership of its director Laxmi Prapanna Niraula with keeping the existing management team intact.

The bank earned Rs 36.58 crore net profit in the last fiscal year 2070/71 while it’s profit was Rs 35.48 crore in the previous fiscal year 2069/70.