Nepal Rastra Bank has endorsed 52.63 percent dividend – 50 percent bonus shares and 2.64 percent cash — proposed by Excel Development Bank Limited from the profit it posted in the last fiscal year.
After the distribution of the bonus shares, the development bank’s paid-up capital will rise to Rs 15 crore.
Excel Development Bank has posted net profit of Rs.2.45 crore in the last fiscal year 2069/70.
Likewise, the central bank has also approved of 19 percent bonus shares proposed by Triveni Bikash Bank Limited.
Meanwhile, Mahakali Bikash Bank has proposed 18.94 percent cash dividend from the net profit it earned in the last fiscal year.
The development bank based in Kachanpur district had offered only 12 percent dividend last year.
It mobilized Rs 42 crore in deposit and Rs 31in loan in the current fiscal year.
After the distribution of the bonus shares, the development bank’s paid-up capital will rise to Rs 15 crore.
Excel Development Bank has posted net profit of Rs.2.45 crore in the last fiscal year 2069/70.
Likewise, the central bank has also approved of 19 percent bonus shares proposed by Triveni Bikash Bank Limited.
Triveni Bikas Bank Limited has posted net profit of Rs.6.32 crore in the last fiscal year.
Meanwhile, Mahakali Bikash Bank has proposed 18.94 percent cash dividend from the net profit it earned in the last fiscal year.
The development bank based in Kachanpur district had offered only 12 percent dividend last year.
It mobilized Rs 42 crore in deposit and Rs 31in loan in the current fiscal year.
-sharesansar
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