Miteri Dev. Bank announced 25% bonus & 1.12% cash; Mahalaxmi Finance announced 18% cash dividend

Miteri Development Bank has announced that it will distribute 25 percent bonus shares and 1.12 percent cash dividend to its shareholders.

NIC ASIA offers share loan scheme at 10.5% interest; up to 70% financing

NIC ASIA Bank has come up with an attractive share loan scheme targeting investors in the stock market at just 10.5 percent interest rate.

“We provide loan against shares of listed companies up to 70 percent against shares on the basis of 180 days of weighted average price or the prevailing price, whichever is lower,” Bhumika Thapa of NIC ASIA . “It only takes three to five days to process the loan.”

Mahalaxmi Finance posts robust growth in profit

The finance company has reported a profit of Rs 72,126,000 for the FY 2069/70, a rise of 93.10 percent from last year.

The company’s deposits increased from Rs 25,32,291,000 in the last FY to Rs 28,12,878,000 this year.

The finance company issued loans and advances of Rs 24,25,977,000, a 25.31 percent increment from last year’s Rs 19,35,936,000.