Bagmati Development Bank pledges 10.53% cash dividend

Thu, Oct 16, 2014 12:00 AM on Dividend, Bonus & Rights,

ShareSansar, October 16:

Bagmati Development Bank Limited has proposed 10.53 percent cash dividend to its shareholders from the net profit it posted in the last fiscal year 2070/71.

A meeting of Board of Directors of the development bank based in the capital took the decision to this effect this afternoon.

The proposed dividend, however, is subject to the approval of the central bank and the upcoming Annual General Meeting of the development bank.