Bhargav Bikas Bank declares 20% stock dividend

Bhargav Bikas Bank Limited (BHBL) has decided to distribute 20 percent bonus share and 1.05 percent cash dividend for tax purpose to its shareholders. The 137^thBOD Meeting of the company held on Mangsir 10 has proposed 20 percent bonus share and 1.05 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subject to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). BHBL has earned net profit of Rs. 19.80 lakh in the first quarter of current fiscal year 2072/73 unaudited report. It’s paid up capital remains at Rs. 10 crore. After distributing 20 percent bonus share it’s paid up capital will rise to Rs. 12 crore.