Jyoti Bikas Bank endorses 8.40% cash dividend; Approval from AGM and NRB pending

Jyoti Bikas Bank (JBBL) has recently made the decision of distributing 8.40% cash dividend to the shareholders. The decision was finalized on Bhadra 24, 2075 at the 312^th Board meeting of the bank. The stated dividend is 8.40% of paid-up capital which is worth Rs 21,80,62,753 (Rs 21 crore 80 lakh) from the profit of FY 2074/75.

However the decision also requires approval from Nepal Rastra Bank (NRB) and the Annual General Meeting (AGM). Please find the notice below: