Kathmandu, November 5:

Siddhartha Bank Ltd (SBL) has decided to issue rights shares by 5:1 with a view to increase issued capital to Rs 800 million, states a release issued here today by the bank. “At present, the bank’s issued capital stands at Rs 500 million.”

During the first quarter of the current fiscal year, the bank has collected Rs 5.14 billion deposits and invested Rs 4.33 billion, adds the release.