Business Universal Dev. Bank announces 13% stock dividend

The 63rd BOD meeting of the Business Universal Development Bank Limited held on Ashwin 1, 2072 has proposed 13% stock dividend and 0.68% (cash dividend for tax purpose) to its shareholders from the net profit it earned in the last fiscal year. However, it is subjected to the approval of NRB and its upcoming AGM. Last year, Bussiness Universal had distributed 11% bonus share to its shareholders from the profit of fiscal year 2070/71. The development bank has earned net profit of Rs 16.11 crore in its fourth quarter of the last fiscal year 2071/72.