Bhargav Bikas Bank’s 9th AGM endorses 20% stock dividend

Bhargav Bikas Bank Limited has successfully conducted its 9^th AGM on Poush 23, 2073 in Hotel Cygnett Inn Krishna, Nepalgunj. The AGM has endorsed 20% bonus share and 1.05% cash dividend (for tax purpose) to its shareholders from the profits it made in FY 2072/73. Issuing a press statement, it said that the AGM has also provided authority to its directors for possible merger/acquisitions with other banks and financial institutions. The development bank has been able to collect deposits of Rs. 1.52 arba and has floated loans worth Rs. 1.23 arba. Bhargav Bikas Bank is a 3-district level development bank with working areas in Banke, Bardiya and Dang. It has been providing services through 9 existing branches, and is in the final stage of opening 4 new branches in Rajapur in Bardiya, Gulariya, Lalmatiya and Lamahi.