BOD meeting of Deva Bikas Bank proposes 2:1 right shares; paid up capital to reach Rs1.22 arba after right shares

The BOD meeting of Deva Bikas Bank Limited (DEVA)  held on Ashad 8, 2073 has  proposed right share in the ratio of 2:1 to its shareholders.The right issue is subjected to the approval of its upcoming AGM. At present the paid up capital of Deva Bikas Bank is at 81.80 crore after the issuance of 50% right shares, its paid up capital will reach to Rs 1.22 arba. Deva Bikas Bank Limited had a net profit of Rs 5.60 crore in the third quarter of the ongoing fiscal year. Deva Bikas Bank had provided 7.7% bonus shares to its shareholders from the net profit earned in the fiscal year 2071/72. Rising Development Bank (RDBL) and NDEP Development Bank (NDEP) had undergone 1:1 ratio merger process to form Deva Bikas Bank which has started joint operation from Ashad 25, 2072