Garima Bikas Bank Proposes 20% Dividend for FY 2082/83
Summary
Garima Bikas Bank has proposed a 20% dividend for FY 2082/83, split between a 10% bonus share and 10% cash dividend. The proposal now awaits approval from Nepal Rastra Bank and the bank’s upcoming Annual General Meeting.
Key Points
- Garima Bikas Bank Limited has proposed a 20% dividend for its shareholders from FY 2082/83 profits.
- The payout includes a 10% bonus share and a 10% cash dividend, including applicable taxes.
- The proposal needs approval from Nepal Rastra Bank and endorsement from the bank’s 20th Annual General Meeting.
- After the bonus shares are issued, the bank’s paid-up capital will rise from Rs. 6.02 Arba to Rs. 6.62 Arba.
