Kathmandu. The 28th Annual General Meeting (AGM) of NIC Asia Bank has been concluded.

The AGM has approved the Directors Report, Auditor’s Report, Balance Sheet, Profit and Loss Account, Cash Flow Statement and other annual statements for the fiscal year 2081/82.

The AGM approved the issuance of right shares in the ratio of 2:1 of the paid-up capital of the bank’s immediate public shares, after obtaining the necessary approvals of the concerned bodies as proposed by the Board of Directors.

Ashok Kumar Agrawal, Ram Chandra Sanghai, Jayant Kumar Agrawal from promoter shareholders and Aditya Kumar Agrawal, Keshav Prasad Lamsal and Anupa Pradhan Rajbhandari from public shareholders have been elected unopposed.