Mercantile Bank PLC's authorised capital will go up to Tk 2,000 crore from Tk 1,200 crore now. 

The board of directors of the private commercial bank approved the decision at a meeting on Tuesday, according to a filing on the Dhaka Stock Exchange today.

The authorised capital will be divided into 200 crore ordinary shares of Tk 10 each. 

Authorised share capital refers to the maximum number of shares a company is legally allowed to issue or offer based on its corporate charter.