Laxmi Sunrise Bank Employees to Receive Advance Bonus After Shrawan 15
Summary
Laxmi Sunrise Bank employees will receive their advance bonus only after Shrawan 15, pending the finalization of the bank's financial results for the last fiscal year.
Key Points
- Employees of Laxmi Sunrise Bank will receive their advance bonus after Shrawan 15.
- The delay is due to Nepal Rastra Bank's provision allowing banks to count interest recovered by Shrawan 15 as income for the previous fiscal year.
- Banks focus on recovering outstanding interest within the extended period to finalize financial statements.
- The Bonus Act requires profit-making establishments to allocate 10% of net profit for employee bonuses.
