Problem in creating online crn and meroshare. Sabai thikai tara last ma payment garne bela problem hunxa yo vanda agadi ko banauda tw kei problem aayeko thiyena Tara yesma chai k banking hour ma try garnu parxa ho? Need help
View on r/NepalStock by Away-Sand-9948
Ma Sanga chai NIC Asia Dynamic Debt fund ko thor thar units haru xan jun chai redeem garnu parne xa. Aba process ma DIS slip Ra Redemption form bujaune bhannu bhaxa, Tara Mero Demat chai Ace ma xa Ani Demat ma share ni dekhauxa. So, DIS Ace ko bharne ki NIC Capital. Also, if anyone has redeemed please brief me about the process.
View on r/NepalStock by Froos_trated
I hear sth bad about NIC Asia occasionally but how are they doing pretty good in stock market. Saying this i have just started learning about stocks and doing little bit of research on what I can.
So AFAIR they occupied Sudhir basnet’s land by circumventing the law which I am not 100% sure and i was watching k danush’s video about vishal group and he mentioned that nic asia approved big amount of shares applied by accounts which didn’t have any money on their bank account for ghorahi cement because some promoters are same in both companies (vishal group) are same and also they used some shady credit rating institution for nic asia laghubitta sansthan and . Also, I found nic asia interest scam and scams on home loan and they haven’t paid dividend for 3 years which i heard because of technical issues but wouldn’t be surprised if they faked the scenario??
Still the stock price seems relatively higher than other banks which have similar financials . Do you think it will continue being one of the biggest bank in future or the company is destined to fail if incase there is some good government and regulatory bodies for businesses ?
I didn’t do any deep research but just some basic information i came across i would be happy to be proven wrong .
View on r/NepalStock by Saphal_59
NIC Asia Bank Limited (NICA) has announced important dates and details regarding its upcoming Annual General Meeting (AGM) and dividend distribution. The bank has set the book closure date for its 30.5% dividend from Ashwin 16 to Ashwin 28. Additionally, NICA has scheduled its 26th AGM for the 28th of Ashwin, 2080, to be conducted at the Army Officer’s Club in Sundhara, Kathmandu, commencing at 9 AM.
One of the primary agendas of this AGM is to seek approval for a 30.5% dividend for the fiscal year 2079/80. This dividend distribution plan includes the issuance of 29% bonus shares and a 1.5% cash dividend, all derived from the bank’s paid-up capital of Rs. 11.56 Arba. Consequently, the bonus shares are valued at Rs. 3.35 Arba, while the cash dividends amount to Rs 17.35 Crores.
To be eligible for the dividend payout and participation in the AGM, shareholders must be in possession of shares maintained in their name until the 15th of Ashwin. This ensures that those who have held shares up to this specified date are entitled to the proposed dividends and can exercise their voting rights at the upcoming AGM.
The current promoters of NIC Asia Bank Limited (NICA) have initiated an auction process for the sale of 500,000 units of their promoter shares. This auction is open to interested promoter shareholders as well as the general public and institutions. The auction period runs from the 4th Ashwin to the 10th Ashwin of the year 2080.
During this auction, a total of 500,000 promoter shares of NICA will be made available. Interested parties, including eligible promoter shareholders, have the opportunity to submit bids. The minimum bid rate for these shares is set at Rs. 360 per unit, and the minimum bid quantity for promoter shares is 1,000 units.
To manage the auction process, NIMB Ace Capital has been appointed as the designated auction manager. Bidding will officially commence at the auction manager’s premises on the 12th Ashoj of the year 2080 at 2 PM.
As of the time of this update, NICA’s Last Traded Price (LTP) stands at Rs. 805 per share. This auction provides an opportunity for interested parties to acquire promoter shares in NICA and potentially participate in the bank’s ownership.
During its 629th board meeting convened on Bhadra 28, 2080, NIC ASIA Bank unveiled a proposition to grant its shareholders a dividend package consisting of 29% bonus shares and 1.5% cash dividend. This allocation of dividends is a reflection of the bank’s profits accrued in the previous fiscal year. The aggregate dividend sum totals Rs 3.53 arba and will be distributed to the shareholders subsequent to receiving approval from the Nepal Rastra Bank and upon the culmination of the bank’s forthcoming 26th Annual General Meeting (AGM), according to an official statement from the bank.
As of now, NIC ASIA Bank boasts an extensive presence across the nation, encompassing 360 branches, 608 ATM outlets, 109 extension counters, and 61 branchless banking units, demonstrating its widespread reach in the financial sector.
NIC Asia Bank Limited (NICA) has made an important financial announcement by declaring a dividend for its investors. The decision was reached during a meeting of the bank’s board of directors on Thursday, the 28th of Bhadra. The dividend distribution plan is based on the profits generated during the financial year 79/80.
Under the proposed dividend plan, NIC Asia Bank intends to allocate a substantial 30.5% of its total paid-up capital to shareholders. This allocation will consist of 29% in the form of bonus shares and 1.5% as cash dividends, which serves the purpose of covering tax obligations.
This announcement marks a significant change in the bank’s dividend distribution policy. NIC Asia Bank had not distributed dividends to its investors for the past two years. Now, they are proposing a 30.5% dividend distribution, demonstrating their commitment to providing returns to their shareholders.
It’s important to note that the actual distribution of the dividend is subject to regulatory approval by the Nepal Rastra Bank and will require ratification at the upcoming general meeting of the company. NIC Asia Bank’s decision to declare dividends aligns with similar moves made by other commercial banks like Machhapuchhre, Everest, and Sanima Bank, all of which have also announced proposed dividends based on the profits of the financial year 79/80.
NIC Asia Capital, the manager of the 10-year closed-end mutual fund scheme called NIC Asia Balanced Fund (NICBF), has released the Net Asset Value (NAV) report for the month of Shrawan. The NAV for this period is recorded at Rs. 11.18, showing a slight decrease from the previous month’s Rs. 11.28.
The scheme was initiated with an initial fund size of Rs. 75.50 crores. Among its investments, Rs. 39.12 crores have been placed in shares of listed companies, while Rs. 21.77 crores have been allocated to debentures. Additionally, the scheme has invested Rs. 65.68 lakhs in non-listed shares, and the remaining bank balance is Rs. 22.45 crores.
During the month of Shrawan, the fund has achieved a net profit of Rs. 85.06 lakhs. In the preceding month, it had a net profit of Rs. 9.21 crores.
NIC Asia Balanced Fund (NICBF), a 10-year close-end mutual fund scheme managed by NIC Asia Capital, has released its financial highlights for the month of Ashad. The Net Asset Value (NAV) for the period is Rs. 11.28, showing an increase from Rs. 10.96 a month ago.
At the beginning of the scheme, the total fund size was Rs. 75.50 crores, which included seed capital from the fund sponsor. NICBF has made investments of Rs. 39.22 crores in shares of listed companies and Rs. 21.77 crores in debentures. Additionally, it has invested Rs. 50.98 lakhs in non-listed shares, while maintaining a bank balance of Rs. 22.16 crores.
NIC Asia Bank Limited is conducting an auction for promoter shares of three companies from 12th Shrawan to 18th Shrawan, 2080. The companies include Citizen Investment Trust (CIT), Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF), and Mahuli Laghubitta Bittiya Sanstha Limited (MSLB). Qualified investors can participate in the auction for 10,000 units of CIT promoter shares, with a minimum bid quantity of 1000 units. Additionally, 85,940 units of SWMF promoter shares and 4,920 units of Mahuli Laghubitta promoter shares will also be auctioned.
NIC Asia Bank Limited (NICA) is offering 4,00,000 units of its promoter shares through an auction open to the qualified general public and institutions. The auction is taking place from the 9th Shrawan to the 18th Shrawan, 2080. Interested bidders can participate with a minimum bid rate of Rs. 375 per share, and the minimum bid quantity is 1000 units. While bidders can bid for the entire share offering, they must adhere to Nepal Rastra Bank’s regulations to avoid exceeding the specified quantity of shares per entity.
Promoters of NIC Asia Bank Limited (NICA) have initiated an auction to sell 345,680 units of their promoter shares to the general public. The auction period will run from the 2nd of Jestha to the 9th of Jestha, 2080.
The auction is open to individual investors, companies, and institutions, with a minimum bid rate of Rs. 365. Interested bidders must submit a minimum bid quantity of 1000 units for the promoter shares. While bidders can bid for the entire issue, they must comply with the regulations set by the Nepal Rastra Bank, which restrict the quantity of shares per entity.
NIBL Ace Capital Limited has been appointed as the auction manager for this process. Bids will be opened at the premises of the auction manager on the 10th of Jestha, 2080, at 3 PM.
As of the time of writing, the Last Traded Price (LTP) of NICA stands at Rs. 694.60.