Nepal Credit and Commerce
Bank has decided to
raise its paid up capital to
Rs 1.40 billion from Rs 700
million by issuing rights
shares at 1:1 ratio. The
bank's board of directors
took a decision to this
regard recently. In a press
release, the bank said that
the executive body would
forward the decision to the
upcoming 90th annual general
meeting for approval. The
decision has come in line
with the central bank's
recent directives asking
commercial banks to raise
their paid-up capital by
fiscal year 2012/13