Nilgiri Bikas Bank to provide 14 percent dividend

Nepal Rastra Bank (NRB) has given permission to Nil Giri Bikas Bank to provide 14 per cent dividend to its shareholders.

The approved 14 per cent dividend will be provided to the share holders after deciding in the coming seventh annual general meeting (AGM) of the bank, said senior officer Anuman Shrestha at the bank.

Nilgiri Bikash Bank issuing 4.25 lakh rights shares at 1:0.73 ratio

Nilgiri Bikas Bank Limited is issuing 4.25 lakh units of rights shares at 1:0.73 ratio to the shareholders from December 3.

The development based in Myagdi has stated that the rights share issue will close on December 7.

Net Profit of Nilgiri , Kamana & Gandaki Bikas Bank - 1.28 cr, 4.99 cr & 5.77 cr respectively

Nilgiri Bikas Bank   
Nilgiri Bikas Bank Limited has reported a healthy growth in net profit. The bank’s profit rose to Rs 1.28 crore in the FY 2069/70 from Rs 1.03 crore reported in previous fiscal, a growth of 24.11%.

The bank’s deposits increased by 19.73% to Rs 65.63 crore and loans and advances grew 24.20% to Rs 54.82 crore whereas NPA increases by 13.33% at 0.51% compared to last year.

NEPSE at 539.05, Highest of 91 Trading Days

The growing expectation of investors continues to propel the Nepse index today also.

Starting from yesterday’s closing the market index persistently kept up with its bullish rally till the end of the today’s session attributing to 4.83 points surge.

With today’s progress, the local bourse came to settle at 539.05 levels which is 91 trading day’s high; last time it came across this level was in the month of March, 2013.