Siddhartha Development Bank to distribute 11% bonus share & 0.58% cash dividend

Siddhartha Development Bank Limited (SDBL) has decided to distribute 11 percent bonus share and 0.58 percent cash dividend for tax purpose to its shareholders.
The 314th BOD Meeting of the company held on Ashwin 5, 2072 has proposed distribution of 11% Bonus Shares and 0.58% Cash Dividend (for Tax Purpose) to their Shareholders
The decision is subjected to approval from the Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM).
The development bank has earned net profit of Rs 16.18 crore in its fourth quarter of the last fiscal year 2071/72. Its paid up capital remains at Rs 64.50 lakhs.-SSN