Surya Sun.com

NMB Bank rejects near to 5000 applications for shares of the Sunrise Bank

Banks in Nepal
Sunrise Bank
Founded by reputed entrepreneurs of Nepal, Sunrise Bank Limited (SrBL) has entered the banking industry of the country with a sizeable capital base. Powered by a well experienced and professional management team, the Bank is completely geared for managing banking needs of all.
Himalayan Bank Ltd
ATM, Credit Cards, money and all banking services
Nepal Bank

Global Bank
Prabhu finance company
Nepal's First Finance Company with world - class products of banking: Inward Remittance, E-Banking, SCT Debit Card

 

News item 10-7-2009

A dispute has arisen between applicants for Sunrise Bank shares and NMB Bank, the share issue manager, after the issue manger disqualified 4,657applications for 1,173,599 share units, citing serious flaws in the application process. Upendra Paudel, chief executive officer at NMB Bank, said that the disqualification of the applications was not guided by any ill intension but was forced by the serious nature of mistakes made by the applicants. According to the bank, a total 339,574 valid applications had been made, for 98,958,860 shares.
However, applicants have objected to the disqualification and demanded that their applications be included in the share allotment process.

Read more about this dispute regarding Sunrise Bank shares

 

Other banking news and articles:

Sunrise Bank Ltd announces it will issue new shares (09-03-2010)

Asian Development bank study on transport 5-1-2007

Global Bank in Nepal 4-1-07

Saving scheme for Child Labourers (2-1-07)

progress on internet banking (1-1-07)

Banks rush into consumer lending

 

 

Home / finance, banking, insurance Nepal

 

Add a site or subject