Himalayan Bank AGM on March 21 to approve 10 % cash dividend

ShareSansar, February 28:

Himalayan Bank Limited has called its Annual General Meeting on March 21, which, inter alias, is expected to endorse 10 percent cash dividend it has proposed to the shareholders from the net profit it earned in the last fiscal year 2069/70.

The 21st AGM of the commercial bank to be held at the Tribhuvan Army Club is also expected to endorse a proposal to distribute 5 percent bonus shares to the shareholders to soar up the capital base of the bank, according to a notice it issued Friday.

The bank has also announced the book closure for the AGM up to March 21.

Himalayan Bank had posted a net profit of Rs.102.44 crore in the last fiscal year.