Laxmi Bank proposes 15% bonus shares

Laxmi Bank Limited has pledged 15 percent bonus shares to its shareholders from the net profit it posted in the last fiscal year 2069/70.

The 143rd BOD meeting of the commercial bank  proposed the dividend.

The dividend, however, is subject to the approval of the central bank and the upcoming AGM of Laxmi Bank.

The bank had posted a net profit of Rs 45 crore in the last fiscal year.

It may be noted that Laxmi Bank had distributed 15 percent dividend last year, too. -SSN