RBB board endorses merger, recapitalization plans

KATHMANDU, May 24: The annual general meeting of state-owned Rastriya Banijya Bank (RBB) held on Thursday approved the category ´A´ financial institution´s merger and recapitalization plans, along with a proposal to convert preference shares into paid-up capital, according to a bank statement.





The meeting also endorsed the audited financial report of fiscal year 2009/10. The bank also informed that the task of auditing the financial report of 2010/11 has already begun.

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