FE Report
The Ministry of Finance (MoF) has sought opinion from the Bangladesh Bank on the issuance of right shares by the largely state-owned Rupali Bank.
Sources in the finance ministry said opinion of the BB is crucial as far as granting permission to issue right shares by the Rupali Bank, which has signed a memorandum of understanding MoU) with the banking sector regulator on banking operations.
The board of directors of Rupali Bank limited decided to issue three right shares against each existing share to increase its paid-up capital to
Tk 5.0 billion.
The decision of Rupali was sent to the MoF in early October for decision, it is learnt.
The bank in its 796th board meeting took the decision to meet the Basel II requirement to fulfill capital shortfall and increase paid-up capital.
Rupali Bank rights share ball rolls to BB court
FE Team | Published: November 02, 2009 00:00:00 | Updated: February 01, 2018 00:00:00
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