Gandaki Bikas Bank offers 23 % bonus share

ShareSansar, September 7:

Pokhara based Gandaki Bikas Bank limited (GDBL) has decided to distribute 23 percent bonus share to its shareholders.

The BOD meeting of Gandaki Bank limited has proposed 23 percent bonus share and 1.21 cash dividend (tax purpose) to its shareholders from the net profit it earned in the last fiscal year 2071/72. However, the decision is subjected to approval from Nepal Rastra Bank and the Bank’s upcoming 12th Annual General Meeting (AGM).

The bank special general meeting held on Shrawan 16, 2072 had endorsed 10:3 (30%) right share from the paid up capital of Rs 35 crore 20 lakh. After the issuance of right shares and bonus share of the development bank, the Paid up capital will increase from the existing Rs 35.20 crore to Rs 53.85 crore.

Gandaki Bikas Bank has earned Rs 10.88 crore in the fourth quarter of last fiscal year 2071/72 as per unaudited report.