Green signal from NRB to 19.31% bonus shares of Gandaki Bikas Bank; proposal needs final approval from AGM
Fri, Apr 6, 2018 6:28 AM on Latest, Dividend, Bonus & Rights, Featured, Stock Market,
Gandaki Bikas Bank has received green signal from Nepal Rastra Bank to issue 19.31% bonus shares from the profit it has earned in the FY 2073-74. The approved bonus shares would be disbursed once the decision is ratified by the upcoming AGM of the bank.
After the capitalization of proposed bonus shares, the bank will have a paid up capital of Rs 2.75 arba which currently has a branch network of 51 branches. The bank is also engaged in operational works to open 26 more branches within the current fiscal year which would help it to reach out to all 7 provinces of the country at every nooks and corners.
