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Scrip ji,
Thank you very much for the information about the link.

@Rajesh Ji, u can find the circular at
http://bfr.nrb.org.np/circular/2070-71/2070_71_(Notice)--01%20%20Amendment%20in%20AGM%20Clearance%20&%20Dividend%20Approval%20Working%20Procedure%202069.pdf

thanks to all of u for reply.special thanks to rajesh sir.what may give by nib and nccb

NRB is an institution which breaks its own rule.......there are lots of examples of that......
About 20% retention ratio,
If 20% has to be send to retention then how did excel developomen bank whose eps is around 25 manage to give 50% bonus+ 2.5% cash ?
In what sense nrb approved it ?
I sold my edbl a month back because of this policy but now i am regretting....

Nrb sucks......we cant completely rely on its policies and directives.......

Talking about sbl i feel it will provide around 24% bonus.....even if it has to send some funds to retention and provisions it can manage that......

May be, I missed this circular. If this has already been notified by NRB, then I have to correct myself. In that situation, Siddarth also could issue bonus share now and next year and could make the paid up capital. Thank you friends for this info. However, appreciate if you help to find out the link where the notice has been posted.

NRB has already clarified in the circular issued this year that capital requirement of 2 arab can be made post appropriation of 2070/71. It means that profit from current fiscal year can be used for bonus shares...

NRB has said that the paid up capital should be 2 Arab by end of Ashad 2071. This is the last date of this FY, not next year. The bonus shares for this FY could be given in next FY only. Hence, this relaxation, practically, could be utilized for merger only, not for bonus share. And, FREEMAN ji, EBL is also planning for merger (rather take over of a small company). However, in Nepal and in this quite fluid situation, any decision could be changed. If NRB changes its decision that is entirely a different issue. I think, we should go by what is the policy today.

freeman ji le bhane jastai arko barsa ko profit bata feri bonus share diyera capital 2 arab puryaye bhai halcha ni. NRB le capital puryauna arko ek barsa thap garekoi cha hoina ra. kina merge ma janu paryo ra??
freeman ra rajesh sir galti lekheko bhaye maf pau hai

With due respect to Rajesh ji, I doubt on Merger as you said. If they can give 10-15% bonus this time, don't they have another time to declare remaining bonus? Eg: trending given by EBL.

uhpramod ji,

Siddhartha bank has:
Paid up: 1.61 Arab
Net profit till last FY end: 49.04 corers
NPA 2.31
Provisioning for possible loss: 22 corers
Earning per share: 30.29
Net worth: 165

http://www.sharesansar.com/viewannouncements.php?id=15487

From the profit, 20% or Rs 9.8 Corers will go in reserves and another about 1% or 0.49 Corer will go for purposes including covering probable exchange rate fluctuations. Hence, 10.29 Corers will be deducted from the profit of 49 Corer. Therefore the amount available for dividend will be Rs 38.75 Corers. The above scenario makes it clear that Siddhartha has to go for merger as this amount will not be enough, even if it provides all amounts as bonus shares. In bonus share also, it has to deduct the tax. So, Merger is a compulsory phenomenon for Siddartha. Hence, my expectation is that it will give a mix of bonus shares about 10-15 percent and another 10-12% as cash. This will go for merger, perhaps, with a small company.

how much dividend may give this year by siddhartha bank ltd in terms of cash and share