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<p style="text-align: justify;">Founded on 2010, Sidhu Development Bank will have Rs 2.4 million in paid-up capital after the right shares issuance. According to Nepal Rastra Bank, the bank required to increase its paid up capital up to Rs 500 million. ICRA explained that the bank’s bad debt has not increased even after the devastating earthquake and border blockade which might be, due to the concession provided by the regulatory body. Meanwhile, immature loan of the bank has increased to 19 percent from 11 percent. The company has mostly low cost deposit, at the same time; capital fund expenditure of the company is also below from overall sector. ICRA explained that profit rate; net worth per share and asset return of the bank is at average. Likewise, net interest margin of the bank is satisfactory.</p>
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<p style="text-align: justify;">Founded on 2010, Sidhu Development Bank will have Rs 2.4 million in paid-up capital after the right shares issuance. According to Nepal Rastra Bank, the bank required to increase its paid up capital up to Rs 500 million. ICRA explained that the bank’s bad debt has not increased even after the devastating earthquake and border blockade which might be, due to the concession provided by the regulatory body. Meanwhile, immature loan of the bank has increased to 19 percent from 11 percent. The company has mostly low cost deposit, at the same time; capital fund expenditure of the company is also below from overall sector. ICRA explained that profit rate; net worth per share and asset return of the bank is at average. Likewise, net interest margin of the bank is satisfactory.</p>
<p style="text-align: justify;">Similarly, founded on 1996, United Finance will have Rs 580 million in paid-up capital after the issuance of right shares. The finance will have to increase its paid-up capital to Rs 800 million, as per NRB directive. ICRA has mentioned that weak deposit profile (21 percent vs.48percent for industry) as a constraint of the company. ICRA also revealed that high deposit concentration (31 percent among top 20 depositors), high product concentration and lack of diversity in earnings of the finance as its negative points. Although the company’s bad debt has increased to 1.23 percent currently, it is below than the overall industry. ICRA has disclosed that the annual overall growth of loan of the company is at average (annual 10 percent during the last four years).</p>
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
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<p style="text-align: justify;">Founded on 2010, Sidhu Development Bank will have Rs 2.4 million in paid-up capital after the right shares issuance. According to Nepal Rastra Bank, the bank required to increase its paid up capital up to Rs 500 million. ICRA explained that the bank’s bad debt has not increased even after the devastating earthquake and border blockade which might be, due to the concession provided by the regulatory body. Meanwhile, immature loan of the bank has increased to 19 percent from 11 percent. The company has mostly low cost deposit, at the same time; capital fund expenditure of the company is also below from overall sector. ICRA explained that profit rate; net worth per share and asset return of the bank is at average. Likewise, net interest margin of the bank is satisfactory.</p>
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<p style="text-align: justify;">Founded on 2010, Sidhu Development Bank will have Rs 2.4 million in paid-up capital after the right shares issuance. According to Nepal Rastra Bank, the bank required to increase its paid up capital up to Rs 500 million. ICRA explained that the bank’s bad debt has not increased even after the devastating earthquake and border blockade which might be, due to the concession provided by the regulatory body. Meanwhile, immature loan of the bank has increased to 19 percent from 11 percent. The company has mostly low cost deposit, at the same time; capital fund expenditure of the company is also below from overall sector. ICRA explained that profit rate; net worth per share and asset return of the bank is at average. Likewise, net interest margin of the bank is satisfactory.</p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
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<p style="text-align: justify;">Founded on 2010, Sidhu Development Bank will have Rs 2.4 million in paid-up capital after the right shares issuance. According to Nepal Rastra Bank, the bank required to increase its paid up capital up to Rs 500 million. ICRA explained that the bank’s bad debt has not increased even after the devastating earthquake and border blockade which might be, due to the concession provided by the regulatory body. Meanwhile, immature loan of the bank has increased to 19 percent from 11 percent. The company has mostly low cost deposit, at the same time; capital fund expenditure of the company is also below from overall sector. ICRA explained that profit rate; net worth per share and asset return of the bank is at average. Likewise, net interest margin of the bank is satisfactory.</p>
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Sindhu Development and United Finance to Issue Right Shares
1 min 38 sec to read
May 8: Sindhu Development Bank and United Finance are issuing 1:1 and 4:1 right shares respectively. ICRA Nepal has assigned grade 4 rating for the shares of both companies. The rating indicates of below average fundamentals to the proposed rights shares issues of the companies. ICRA Nepal assigns grading on the basis of overall financial position and possible future returns of the companies.
Founded on 2010, Sidhu Development Bank will have Rs 2.4 million in paid-up capital after the right shares issuance. According to Nepal Rastra Bank, the bank required to increase its paid up capital up to Rs 500 million. ICRA explained that the bank’s bad debt has not increased even after the devastating earthquake and border blockade which might be, due to the concession provided by the regulatory body. Meanwhile, immature loan of the bank has increased to 19 percent from 11 percent. The company has mostly low cost deposit, at the same time; capital fund expenditure of the company is also below from overall sector. ICRA explained that profit rate; net worth per share and asset return of the bank is at average. Likewise, net interest margin of the bank is satisfactory.
Similarly, founded on 1996, United Finance will have Rs 580 million in paid-up capital after the issuance of right shares. The finance will have to increase its paid-up capital to Rs 800 million, as per NRB directive. ICRA has mentioned that weak deposit profile (21 percent vs.48percent for industry) as a constraint of the company. ICRA also revealed that high deposit concentration (31 percent among top 20 depositors), high product concentration and lack of diversity in earnings of the finance as its negative points. Although the company’s bad debt has increased to 1.23 percent currently, it is below than the overall industry. ICRA has disclosed that the annual overall growth of loan of the company is at average (annual 10 percent during the last four years).
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<p style="text-align: justify;">Founded on 2010, Sidhu Development Bank will have Rs 2.4 million in paid-up capital after the right shares issuance. According to Nepal Rastra Bank, the bank required to increase its paid up capital up to Rs 500 million. ICRA explained that the bank’s bad debt has not increased even after the devastating earthquake and border blockade which might be, due to the concession provided by the regulatory body. Meanwhile, immature loan of the bank has increased to 19 percent from 11 percent. The company has mostly low cost deposit, at the same time; capital fund expenditure of the company is also below from overall sector. ICRA explained that profit rate; net worth per share and asset return of the bank is at average. Likewise, net interest margin of the bank is satisfactory.</p>
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<p style="text-align: justify;">Founded on 2010, Sidhu Development Bank will have Rs 2.4 million in paid-up capital after the right shares issuance. According to Nepal Rastra Bank, the bank required to increase its paid up capital up to Rs 500 million. ICRA explained that the bank’s bad debt has not increased even after the devastating earthquake and border blockade which might be, due to the concession provided by the regulatory body. Meanwhile, immature loan of the bank has increased to 19 percent from 11 percent. The company has mostly low cost deposit, at the same time; capital fund expenditure of the company is also below from overall sector. ICRA explained that profit rate; net worth per share and asset return of the bank is at average. Likewise, net interest margin of the bank is satisfactory.</p>
<p style="text-align: justify;">Similarly, founded on 1996, United Finance will have Rs 580 million in paid-up capital after the issuance of right shares. The finance will have to increase its paid-up capital to Rs 800 million, as per NRB directive. ICRA has mentioned that weak deposit profile (21 percent vs.48percent for industry) as a constraint of the company. ICRA also revealed that high deposit concentration (31 percent among top 20 depositors), high product concentration and lack of diversity in earnings of the finance as its negative points. Although the company’s bad debt has increased to 1.23 percent currently, it is below than the overall industry. ICRA has disclosed that the annual overall growth of loan of the company is at average (annual 10 percent during the last four years).</p>
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'summary' => 'May 8: Sindhu Development Bank and United Finance are issuing 1:1 and 4:1 right shares respectively. ICRA Nepal has assigned grade 4 rating for the shares of both companies. The rating indicates of below average fundamentals to the proposed rights shares issues of the companies. ICRA Nepal assigns grading on the basis of overall financial position and possible future returns of the companies.',
'content' => '<p style="text-align: justify;">May 8: Sindhu Development Bank and United Finance are issuing 1:1 and 4:1 right shares respectively. ICRA Nepal has assigned grade 4 rating for the shares of both companies. The rating indicates of below average fundamentals to the proposed rights shares issues of the companies. ICRA Nepal assigns grading on the basis of overall financial position and possible future returns of the companies.</p>
<p style="text-align: justify;">Founded on 2010, Sidhu Development Bank will have Rs 2.4 million in paid-up capital after the right shares issuance. According to Nepal Rastra Bank, the bank required to increase its paid up capital up to Rs 500 million. ICRA explained that the bank’s bad debt has not increased even after the devastating earthquake and border blockade which might be, due to the concession provided by the regulatory body. Meanwhile, immature loan of the bank has increased to 19 percent from 11 percent. The company has mostly low cost deposit, at the same time; capital fund expenditure of the company is also below from overall sector. ICRA explained that profit rate; net worth per share and asset return of the bank is at average. Likewise, net interest margin of the bank is satisfactory.</p>
<p style="text-align: justify;">Similarly, founded on 1996, United Finance will have Rs 580 million in paid-up capital after the issuance of right shares. The finance will have to increase its paid-up capital to Rs 800 million, as per NRB directive. ICRA has mentioned that weak deposit profile (21 percent vs.48percent for industry) as a constraint of the company. ICRA also revealed that high deposit concentration (31 percent among top 20 depositors), high product concentration and lack of diversity in earnings of the finance as its negative points. Although the company’s bad debt has increased to 1.23 percent currently, it is below than the overall industry. ICRA has disclosed that the annual overall growth of loan of the company is at average (annual 10 percent during the last four years).</p>
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'content' => '<p style="text-align: justify;">May 8: Sindhu Development Bank and United Finance are issuing 1:1 and 4:1 right shares respectively. ICRA Nepal has assigned grade 4 rating for the shares of both companies. The rating indicates of below average fundamentals to the proposed rights shares issues of the companies. ICRA Nepal assigns grading on the basis of overall financial position and possible future returns of the companies.</p>
<p style="text-align: justify;">Founded on 2010, Sidhu Development Bank will have Rs 2.4 million in paid-up capital after the right shares issuance. According to Nepal Rastra Bank, the bank required to increase its paid up capital up to Rs 500 million. ICRA explained that the bank’s bad debt has not increased even after the devastating earthquake and border blockade which might be, due to the concession provided by the regulatory body. Meanwhile, immature loan of the bank has increased to 19 percent from 11 percent. The company has mostly low cost deposit, at the same time; capital fund expenditure of the company is also below from overall sector. ICRA explained that profit rate; net worth per share and asset return of the bank is at average. Likewise, net interest margin of the bank is satisfactory.</p>
<p style="text-align: justify;">Similarly, founded on 1996, United Finance will have Rs 580 million in paid-up capital after the issuance of right shares. The finance will have to increase its paid-up capital to Rs 800 million, as per NRB directive. ICRA has mentioned that weak deposit profile (21 percent vs.48percent for industry) as a constraint of the company. ICRA also revealed that high deposit concentration (31 percent among top 20 depositors), high product concentration and lack of diversity in earnings of the finance as its negative points. Although the company’s bad debt has increased to 1.23 percent currently, it is below than the overall industry. ICRA has disclosed that the annual overall growth of loan of the company is at average (annual 10 percent during the last four years).</p>
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