Tag: SBI

Nepal SBI Bank Declares 10.55% Dividend: Shareholders Encouraged to Dematerialize for Seamless Distribution

Nepal SBI Bank Limited (SBI) has initiated the distribution of dividends directly to the bank accounts of its shareholders, amounting to 10.55%.

The decision was made during the 30th Annual General Meeting (AGM) for the fiscal year 2079/80, held on 13th Poush, 2080. The company’s board of directors, in its 506th meeting on Mangsir 01, 2080, decided to distribute a 10.55% dividend on the paid-up capital of Rs. 10.12 Arba. This dividend includes 3.75% bonus shares valued at Rs. 68.82 Crores and a 6.8% cash dividend (inclusive of tax) amounting to Rs. 37.95 Crores.

To facilitate the dividend distribution process, Nepal SBI Bank urges its shareholders to dematerialize their shares and update their bank information in the Demat account promptly.

Additionally, eligible investors who have taken a loan against the company’s shares before the book closure date are required to provide a No Objection Letter from their lending institution to receive the dividend.

January 4, 2024
Attention Shareholders: Nepal SBI Bank Calls for Collection of Unclaimed Dividends

Nepal SBI Bank Limited (SBI) has released a notification calling upon its shareholders to retrieve outstanding dividends that remain uncollected. The announcement highlights that certain investors have yet to claim dividends allocated during the fiscal year 2074/75. The dividend disbursement took place in the aforementioned fiscal year when the bank distributed cash dividends to its shareholders.

To facilitate the retrieval process, the bank is urging shareholders who have not yet availed themselves of their dividend entitlements to visit Nepal SBI Merchant Banking, located in Thamel, within the next month. To complete the claim, investors are required to present valid identification or their share certificates along with proof of identity.

As of the latest update, the Last Traded Price (LTP) for SBI stands at Rs. 322. This initiative aims to ensure that all shareholders receive their due dividends, emphasizing the importance of timely collection to those who may have overlooked or not yet claimed their share of the fiscal year 2074/75 dividend distribution.

December 15, 2023
NSBD98, 9% Nepal SBI Bank Debenture 2089, Listed on NEPSE

On Tuesday, September 30, 2023, Nepal SBI Bank (SBI) and the Nepal Stock Exchange (NEPSE) signed an agreement to list 9 Percent Debenture 2089 (NSBD98). As part of the agreement, 1,418,366 units of these debentures will be listed at a par value of Rs. 1000 per unit. Trading of these shares is expected to commence on Wednesday.

The issue management for this listing was handled by NMB Capital Limited. The shares were officially listed on NEPSE on September 30, 2023, in accordance with existing regulations.

October 3, 2023
“Closing Today: 9% Nepal SBI Bank Debenture 2089 (NSBD98) Issue”

Starting from today, Nepal SBI Bank Limited is concluding the public offering of its “9% Nepal SBI Bank Debenture 2089,” consisting of 2,000,000 units priced at Rs. 1000 per unit.

Initially, the issue had commenced on the 18th of Shrawan, 2080, and was scheduled to close early on the 22nd of Shrawan. However, due to the issue not attaining full subscription by the original closing date, the deadline has been extended until the 31st of Shrawan.

August 16, 2023
“Urgent Notice: Nepal SBI Bank and Mahalaxmi Bikas Bank Call on Shareholders to Claim Pending Dividends”

Nepal SBI Bank Limited (SBI) and Mahalaxmi Bikas Bank Limited (MLBL), along with their former entities (Century Commercial Bank Limited, Arniko Development Bank Limited, Innovative Development Bank Limited, Alpin Finance Limited, Sagarmatha Finance, and Seti Finance Limited), have issued a notice to their respective shareholders regarding the retrieval of outstanding dividends that were approved in various general meetings.

Despite a lapse of 5 years since the dividends were distributed, certain shareholders have yet to collect their entitled dividends from the banks. Shareholders who haven’t availed their dividends are required to submit their share certificates and valid identification to the share department of the respective company. This submission, accompanied by necessary document copies, is necessary to claim their outstanding dividends.

August 14, 2023
“Shareholders Urged to Claim Due Dividend by Nepal SBI Bank and Prabhu Bank”

Nepal SBI Bank Limited (SBI) and Prabhu Bank Limited (MLBL), along with several former banks (Century Commercial Bank Limited, Arniko Development Bank Limited, Innovative Development Bank Limited, Alpine Finance Limited, Sagarmatha Finance, and Seti Finance Limited), have issued notices to their respective shareholders. The notices are aimed at facilitating the collection of outstanding dividends that were approved in various general meetings.

Despite the passage of five years since the dividends were distributed, some shareholders have not yet claimed their entitled dividends from the banks. Shareholders who fall into this category are advised to visit the companies’ share departments. To claim their due dividends, they will need to provide their share certificate, proof of identity, and copies of necessary documents. This process ensures that all eligible shareholders can access the dividends they are owed.

August 14, 2023
“Deadline Extended for ‘9% Nepal SBI Bank Debenture 2089’; New Closing Date Set for Shrawan 31”

Nepal SBI Bank Limited (SBI) has decided to extend the public offering period for the “9% Nepal SBI Bank Debenture 2089.” The initial opening of the offering took place on the 18th of Shrawan, 2080, and the original closing date was today, the 22nd of Shrawan. As the offering has not garnered complete subscription, the deadline has now been pushed back to the 31st of Shrawan.

In this offering, a total of 20 lakh units are up for grabs, each priced at Rs. 1000. Among these, 12 lakh units (60% of the total) will be allocated through private placement, while the remaining 8 lakh units, valued at Rs. 80 Crores, are available for public subscription. Of this public portion, 5% is set aside for mutual funds. The issuance aims to raise a total of Rs. 2 Arba.

August 7, 2023
Nepal SBI Bank’s bonus shares worth 29.47 lakh have been listed for trading on the NEPSE.

Nepal SBI Bank Limited (SBI) has listed 29,47,755.9338 unit bonus shares on NEPSE.

On the 25th of Poush, 2079, the company held its 29th AGM for the fiscal year 2078/79. For fiscal year 2078/79, the board of directors approved a 10.53% dividend of Rs. 1.03 Arba. On Mangsir 12, 2079, the 492nd board of directors decided to distribute a 10.53% dividend on the paid-up capital of Rs. 9,82,58,53,113, with 3% bonus shares worth Rs. 29,47,75,594 and 7.53% cash dividend (including tax) worth Rs 73,98,86,735 endorsed. NEPSE now lists the same bonus shares.

March 26, 2023
Trading of Vijaya Laghubitta (VLBS) Suspended as the Company Declares Dividend By Violating NEPSE Guidelines

The Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) transaction has been halted, according to the official notice of the Nepal Stock Exchange (NEPSE), since the business declared dividends to be given to shareholders without first receiving authorisation from NEPSE.

At 6:35 PM on Magh 25, after business hours, Nepal Stock Exchange received the letter from VLBS regarding the dividend declaration for the Fiscal Year 2078/79. However, on Magh 10 itself, Vijaya Laghubitta held a meeting to suggest dividends to the shareholders.

February 9, 2023
The 8% Nepal SBI Bank Debenture 2079 has been delisted from the NEPSE.

The “8% Nepal SBI Bank Debenture 2079” has been delisted from the NEPSE.On March 20, 2079, the “8% Nepal SBI Bank Debenture 2079” matured. The debenture provided unitholders with an 8% annual return and will now repay the seed cash and distribute the income to unitholders through its branch offices.

Unitholders can obtain further information from the bank’s share registrar, Nepal SBI Merchant Banking Limited, Hatisar, Kathmandu, Nepal.

February 5, 2023
Nepal Stock Exchange (NEPSE) – A Short Introduction

Nepal Stock Exchange (NEPSE) is the country’s sole stock exchange. It is located in Kathmandu, Nepal, at Singha Durbar Plaza.

In 2033 BS, the government established a security purchasing and trading center in Nepal. In 2050 BS, the same location became the Nepal Stock Exchange Limited (NEPSE).

On January 13, 1994, the Nepal Stock Exchange (NEPSE) inaugurated its trading floor (29 Poush, 2050). It is Nepal’s sole stock exchange. As of May 13, 2020, the total market capitalisation of the companies listed on NEPSE is around Rs 1.54 trillion.

Objectives of Nepal Stock Exchange (NEPSE)

The primary function of the stock exchange is to facilitate the trading of listed securities. NEPSE has been trying to register publicly issued securities in the secondary market so that they can be traded easily. This is referred to as listing.

The Nepal Stock Exchange Limited (NEPSE) is a specialized government-owned entity governed by the Companies Act. It does business in compliance with the Securities Act. Its principal goal is to assist to the country’s economic development through capital formation and mobilization, as well as to stimulate investor interest by establishing a secondary market for the trading of securities issued by the Government of Nepal and organizations.

Nepse has been a prominent regulatory organization in terms of market operations, listed firms, and securities dealers, in keeping with its goal of trading shares, bonds, mutual fund units, and other securities through member brokers.

At the moment, the Nepal Stock Exchange offers general investors the ability to purchase and sell securities through 50 member brokers and 41 Remote Work Stations (RWS) in key cities both inside and outside the Kathmandu Valley.

The brokerage firm and its branches are spread across 21 different cities in Nepal.

Nepal’s capital market is in its early phases of development due to the size of the market, kind of company, financial instruments to be exchanged, laws and regulations, technology utilized for business, other physical infrastructure, manpower, and so on.

Similarly, Nepse is a founder member and current Executive Board Member of the South Asian Federation of Exchanges. It is also an Affiliate Member of the World Federation of Exchanges, with plans to become a full member soon.

Share Ownership In Nepal Stock Exchange

The Government of Nepal promotes the Nepal Stock Exchange (NEPSE). The Nepalese government owns 58.65 percent of NEPSE.

The significant shareholders of the Nepal Stock Exchange (NEPSE) are shown in the table below. It also includes a proportion of ownership.

S.No Shareholders Share Ownership (%)

1 Government of Nepal 58.65

2 Nepal Rastra Bank 34.6

3 Rastriya Banijya Bank 6.12

4 Members(Brokers) 0.62

Board of Directors of Nepal Stock Exchange

According to the Securities Act of 2006, the Board of Directors (BOD) of the Nepal Stock Exchange (NEPSE) is made up of members from various sectors. The BOD now consists of two members from the Nepal Government, one from Nepal Rastra Bank, and one from Rastriya Banijya Bank. Furthermore, the BOD will propose one member as a capital market expert. NEPSE’s General Manager will serve as a director on the BOD.

Nepse Index

NEPSE index is the market value weighted index. This index shows the aggregate growth in capitalization of companies listed in Nepal Stock Exchange.

Nepse Index reached its all-time high of 1881.45 on July 27, 2016.

Sensitive Index

Index calculated from the market capitalization of companies classified under group “A” is called sensitive index.

Sub Indices In Nepse

The sub-indices in Nepse include:

1. Banking
2. Development bank
3. Finance
4. Microfinace
5. Manufacturing And Processing
6. Hydro Power
7. Non Life Insurance
8. Life Insurance
9. Hotels
10. Mutual Fund
11. Other

Works Done By Nepal Stock Exchange (NEPSE)

Provides a market platform for buying and selling of secondary shares, debentures and bonds.

Develops and expands the secondary market in the capital market by supporting the policy and guidelines of the Government of Nepal.

Regulates listed companies, brokers and investors.

Spreads public awareness about capital markets.

Regulates and monitors the listed public limited companies.

Take membership with national and international capital market organizations.

List new companies to trade on the stock exchange, as well as OTC companies that are not listed or disbanded.

Development and expansion of the capital market by increase the number of institutions involved in the market.

Runs a clean, transparent, credible, fair market and works in the interest of investors.

January 3, 2023

A Complete List of Stockbrokers in Nepal

Sebon has granted license to 11 new stock brokers. The list can be found here.

#	No	Broker Name	Address	Phone
1	1	Kumari Securities Pvt. Limited	Dillibazar, Kathmandu	01-4418036, 01-423689
2	1_RWS	Kumari Securities Pvt. Limited	New Road, Pokhara	061-537511
3	3	Arun Securities Pvt. Limited	Putalisadak, Kathmandu	01-4239567
4	4	Stock Broker Opal Securities Investment Pvt. Limited	Uttardhoka, Kathmandu	01-4420313, 01-4420314, +9779851082252
5	5	Market Securities Exchange Company Pvt. Limited	Kichha Pokhari, Kathmandu	01-4248973, 01-4223257
6	6	Agrawal Securities Pvt. Limited	Dillibazar, Kathmandu	01-4424406, 01-4424657
7	6_RWS	Agrawal Securities Pvt.Limited	Main Road, Biratnagar	021-531667
8	6_RWS	Agrawal Securities Pvt.Limited	Kadam Chowk, Janakpur	041-420420
9	7	J.F. Securities Company Pvt. Limited	Dharma path, Kathmandu	01-4256099, 01-4248202
10	8	Ashutosh Brokerage & Securities Pvt. Limited	Behind Nepal SBI Bank, Battisputali, Kathmandu	01-4490232, 01-4490233
11	8_RWS	Ashutosh Brokerage & Securities Pvt. Limited	United Insurance Building, Itahari	9813284370
12	10	Pragyan Securities Pvt. Limited	Kamaladi, Kathmandu	01-4413392
13	10_RWS	Pragyan Securities Pvt. Limited	College Road, Biratnagar	021-527283
14	11	Malla & Malla Stock Broking Company Pvt. Limited	Lalupate Marg, Hattisar, Kathmandu, Nepal	01-4432008, 01-4414088
15	13	Thrive Brokerage House Pvt. Limited	Naxal, Kathmandu	01-4419051, 01-4416018
16	13_RWS	Thrive Brokerage House Pvt. Limited *	Gairipatan, Pokhara	061-522935
17	14	Nepal Stock House Pvt. Limited	Kalikasthan, Kathmandu	01-4429621, 01-4429631
18	14_RWS	Nepal Stock House Pvt. Limited	Gairapatan, Pokhara	061-534694
19	16	Primo Securities Pvt. Limited	49/8, Shanker Dev Marg, Putalisadak, Kathmandu.	01-4168175, 01-4168164
20	16_RWS	Primo Securities Pvt. Limited	Adarsha Nagar, Birgunj	051-529683
21	17	ABC Securities Pvt. Limited	Indrachowk, Kathmandu	01-4230787, 01-4266507
22	17_RWS	ABC Securities Pvt. Limited	Prithvi Marg, Dharan	025-524083
23	18	Sagarmatha Securities Pvt. Limited	Dillibazar, Kathmandu	01-4439315, 01-4433316
24	19	Nepal Investment & Securities Trading Pvt. Limited	Purano Baneshwor Kathmandu, Nepa	01- 4495450, 01-4480072
25	19_RWS	Nepal Investment & Securities Trading Pvt. Limited	Main Road, Biratnagar	021-440127
26	20	Sipla Securities Pvt. Limited	NewRoad, Kathmandu	01-4255782, 4255078
27	21	Midas Stock Broking Company Pvt. Limited	Putalisadak, Kathmandu	01-4240089, 01-4240115
28	21_RWS	Midas Stock Broking Company Pvt. Limited	Chauraha, Butwal	071-438332, 071-438336
29	22	Siprabi Securities Pvt. Limited	Pulchowk, Lalitpur	01-5530701
30	22_RWS	Siprabi Securities Pvt. Limited	Resham Kothi, Birgunj	051-523818
31	25	Sweta Securities Pvt. Limited	Putalisadak, Kathmandu	01-4223914, 01-4223778
32	25_RWS	Sweta Securities Pvt. Limited	Ghantaghar, Birgunj
33	26	Asian Securities Pvt. Limited	Putalisadak-32, Kathmandu, Near NMB Bank Ltd	01-4424351, 01-4431395
34	26_RWS	Asian Securities Pvt. Limited	Near to Global IME Bank, Butwal	071-547279
35	28	Shree Krishna Securities Limited	Dillibazar, Kathmandu	01-4441226, 01-4441225, 01-4441228
36	28_RWS	Shree Krishna Securities Limited	Municipality Office, Biratnagar	021521699
37	29	Trishul Securities And Investment Limited	Putalisadak, Kathmandu	01-4440709
38	29_RWS	Trishul Securities And Investment Limited	Newroad, Pokhara	061-523901
39	32	Premier Securites Company Limited	Putalisadak,Kathmandu	01-4432705, 01-4432700, 01-4432704
40	32_RWS	Premier Securites Company Limited	New Road, Pokhara	061-534201
41	33	Dakshinkali Investment Securities Pvt.Limited	Apex Building, Kamaladi, Kathmandu	01-4168640, 01-4168641
42	33_RWS	Dakshinkali Investment Securities Pvt.Limited	Palpa Road, Butwal	9851095629, 071547089
43	34	Vision Securities Pvt.Limited	Marpha House, Anamnagar, Kathmandu	01-4770425/452, 01-4770408
44	34_RWS	Vision Securities Pvt.Limited	Narayangarh, Bhairawa	071-522324
45	34_RWS	Vision Securities Pvt.Limited	Banepa Chowk, Banepa	011-662802
46	35	Kohinoor Investment and Securities Pvt.Ltd	Hattisar Sadak, Kathmandu	01-4442857, 01-4442858
47	35_RWS	Kohinoor Investment and Securities Pvt.Ltd	New Road, Pokhara	061-534445
48	36	Secured Securities Limited	Opp to Padmadaya School Pradarshani Marga, Kathmandu-28	01-4262861, 01-4224523
49	36_RWS	Secured Securities Limited	Bhadrapur Road, Birtamode, Jhapa	+977-23-546608, 546609, 9840065920
50	37	Swarnalaxmi Securities Pvt.Limited	Putalisadak, Kathmandu	01-4168219, 01-4168291, 01-4168064
51	37_RWS	Swarnalaxmi Securities Pvt.Limited	Sangam Chowk, Hetauda	9855037137
52	38	Dipshika Dhitopatra Karobar Co. Pvt.Limited	Anamnagar, Kathmandu	01-4102532, 01-4102534
53	38_RWS	Dipshika Dhitopatra Karobar Co. Pvt.Limited	Yug Plaza, Purano Bhansar Road, Dhangadi	091-521984/85
54	39	Sumeru Securities Pvt.Limited	Hattisar, Kathmandu	01-4444740, 01-4424209
55	39_RWS	Sumeru Securities Pvt.Limited	Birtamode, Jhapa	023-541919
56	40	Creative Securities Pvt.Limited	Kamalpokhari-28, Kathmandu	01-4419572, 01-4419582
57	40_RWS	Creative Securities Pvt.Limited	Near to Neco Insurance, Benepa	011-663258, 664176
58	41	Linch Stock Market Limited	New Baneshwor, Kathmandu	01-4469367, 01-4469068
59	41_RWS	Linch Stock Market Limited	Milanchowk, Butwal	071-547292
60	42	Sani Securities Company Limited	Jamal, Kathmandu	01-4166005, 01-4166006
61	42_RWS	Sani Securities Company Limited	Sahidchowk, Narayanghat	056-572272
62	43	South Asian Bulls Pvt.Limited	Tulsi Krishna Plaza 2nd Floor, Kuleshwor-14, Kathmandu	01-4284785, 01- 4284786
63	44	Dynamic Money Managers Securities Pvt.Ltd	Kamalpokhari, Kathmandu	01-4414522, 01-4413421
64	44_RWS	Dynamic Money Managers Securities Pvt.Ltd	Near to Deva Bikas Bank, Banepa	9843252336
65	45	Imperial Securities Co .Pvt.Limited	Anamnagar, Kathmandu	01-5706004, 5705187, 5705344
66	45_RWS	Imperial Securities Co .Pvt.Limited	Jumla Road, Surkhet	083-522503
67	45_RWS	Imperial Securities Co .Pvt.Limited	Dhamboji chok, Nepalganj,Hikola Building,	081-524932
68	46	Kalika Securities Pvt.Limited	Hunamanthan, Anamnagar, Kathmandu, Nepal	977-01-5705563, 5705564, 5705565
69	46_RWS	Kalika Securities Pvt.Limited	Newroad, Nepalgunj	081-527301
70	47	Neev Securities Pvt.Ltd	Putalisadak, Kathmandu	01-4168601, 01-4168572
71	47_RWS	Neev Securities Pvt.Ltd	Biratnagar, Ithari	025-587408
72	48	Trishakti Securities Public Limited	Putalisadak, Kathmandu	01-4232132, 01-4168572
73	49	Online Securities Pvt.Ltd	Putalisadak, Kathmandu	01-4168298, 01-4168302, 01-4168308
74	50_RWS	Crystal Kanchenjunga Securities Pvt.Ltd	Jaljala Chowk, Biratnagar	9851098200
75	49_RWS	Online Securities Pvt.Ltd	College Road, Dharan	025-530683
76	50	Crystal Kanchenjunga Securities Pvt.Ltd	New Plaza, Kathmandu	01-4011176, 01-4011072
77	51	Oxford Securities Pvt.Ltd	Kalimati, Kathmandu	01-4278113, 01-4273850
78	51_RWS	Oxford Securities Pvt.Ltd	Lions Chowk, Narayangard	9845066244
79	52	Sundhara Securities Limited	Sundhara, Kathmandu	01-4212215, 01-4260174, 01-4263583
80	52_RWS	Sundhara Securities Limited	Nabil Bank Building, Besisahar	9851194933
81	53	Investment Management Nepal Pvt. Ltd.	Tripureshwor, Kathmandu	01-4256589, 01-4256590
82	53_RWS	Investment Management Nepal Pvt. Ltd.	Newroad, Pokhara	061-537944
83	54	Sewa Securities Pvt. Ltd.	Tripureshwor, Kathmandu	01-4256642, 01-4256644
84	54_RWS	Sewa Securities Pvt. Ltd.	Mainroad, Hetauda	057-524454
85	55	Bhrikuti Stock Broking Co. Pvt. Ltd.	New Road, Opposite to Bhugol Park, Kathmandu, Nepal	01-4233213, 01-4224648
86	55_RWS	Bhrikuti Stock Broking Co. Pvt. Ltd.	Kasturi Chowk, Ithari	025-587273
87	56	Shree Hari Securities Pvt.Ltd	Kamaladi, Kathmandu	01-4437562, 01-4437466
88	56_RWS	Shree Hari Securities Pvt. Ltd	Birtamode, Jhapa	023-542132, 023-542454
89	57	Araya Tara Investment And Securities Pvt. Ltd.	Anamnagar, Kathmandu	01-5706297, 01-5705596
90	57_RWS	Araya Tara Investment And Securities Pvt. Ltd.	Traffic Chowk, Butwal	071-542561
91	58	Naasa Securities Co. Ltd.	Naxal, Kathmandu	01-4440384, 01-4440385, 01-4440386
92	58_RWS	Naasa Securities Co. Ltd.	Adarsha Nagar, Birgunj	9841018232
93	59	Deevyaa Securities & Stock House Pvt. Ltd	Putalisadak, Kathmandu	01-4421488, 01-4420987, 01-4422313
94	59_RWS	Deevyaa Securities & Stock House Pvt. Ltd	Purano Buspark, Baglung	068-521957

January 3, 2023

S.No	Shareholders	Share Ownership (%)
1	Government of Nepal	58.65
2	Nepal Rastra Bank	34.6
3	Rastriya Banijya Bank	6.12
4	Members(Brokers)	0.62

Tag: SBI

Objectives of Nepal Stock Exchange (NEPSE)

Share Ownership In Nepal Stock Exchange

Board of Directors of Nepal Stock Exchange

Nepse Index

Sensitive Index

Sub Indices In Nepse

Works Done By Nepal Stock Exchange (NEPSE)