. KATHMANDU: Nepal Rastra Bank (NRB) has amended the provisions relating to the sale and purchase of promoter shares of banks and financial institutions. As per the amended provision, promoter investors holding 2 percent or less of the paid-up capital of a licensed institution are not required to inform the Nepal Rastra Bank (NRB) while buying or selling their shares.
According to the circular issued by the Nepal Rastra Bank, the new promoters who buy the promoter shares will have to mandatorily follow the criteria set by the bank and the provisions related to ‘Fit and Proper Test’.TAG_OPEN_div_9 However, promoter shareholders holding more than two percent of the shares will not be allowed to use this facility by diluting their shares to two percent or less.
प्रतिक्रिया दिनुहोस्