KATHMANDU, Oct 13: Citizens Bank International Ltd (CIBL) has revised its capital increment plan. Issuing a statement on Monday, the bank said that it has revised the capital plan submitted to Nepal Rastra Bank (NRB) earlier as per the central bank's instruction.
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According to the statement, the bank, which is in the process of acquiring Premier Finance Company Ltd, will put forth the proposal of issuing 10:5.5 rights shares to its shareholders out of the total capital adjusted after the acquisition.
The bank had earlier planned to issue 10:4 rights shares.
