Jyoti Bikas Bank convenes 11th AGM; to issue 8.40 % cash dividend and acquire Hamro Bikas Bank

Sun, Oct 21, 2018 6:52 AM on AGM/Special AGM, Corporate, Latest,

Jyoti Bikas Bank has convened its 11th AGM at Naxal Banquet, Naxal on Ashoj 29, 2075. The event was chaired by chairman of the national level development bank Mr. Hari Chandra Khadka who presented the financial report on behalf of the bank.

The AGM has endorsed the earlier proposed 8.40% cash dividend which amounts to Rs 21.80 lakh.

The AGM has also endorsed the board’s decision to acquire Hamro Bikas Bank which is a one-district development bank situated at Bidur of Nuwakot district. following the acquisition, the development bank will have Rs 3.10 arba as its paid up capital.

The national level development bank is currently providing range of banking services from its 70 branches and 22 ATM outlets situated throughout the nation.