Nepal Rastra Bank has recommended that the government take state owned Rastriya Banijya Bank (RBB) public by issuing shares to the general public. A special task force was formed for this, as most commercial banks in Nepal, including other state owned banks, are already listed. If RBB issues the required 30% shares, it could offer IPOs worth about Rs 4.69 billion. The bank is financially strong, earning Rs 3.81 billion profit last year and showing rapid profit growth in the current fiscal year.
State Owned Rastriya Banijya Bank May Join Public Share Market Soon
