Mallika Development Bank to give right share

Mallika Development Bank proposed 1:3 right shares in order to increase its paid up capital. It is still to be approved from Nepal Rastra Bank. At present the bank has Rs. 50 million paid up capital and Rs. 100 million authorized capital. Within the fiscal year 2064/65 MDBL has collected Rs. 960 million as deposit and has distributed Rs. 510 million as loan. Likewise, it has posted Rs. 22.50 million operating profit in the same period. The bank is providing services from its three branches located at Dhangadi, Tikapur and Mahendranagar.
Source: Jamb News Service