Jyoti Bikas Bank proposes 10% bonus shares; Raptibheri Bikas Bank shareholders to get 6% bonus

Jyoti Bikas Bank Limited (JBBL) has decided to issue 10% bonus share to its shareholders. As per the notice published in NEPSE, the 290^th BOD meeting of the company held on Mangsir 24, 2074 has proposed 10% bonus share to its shareholders from the net profit it earned in the last fiscal year 2073/74. Earlier the bank had acquired Raptibheri Bikas Bank Limited and started its joint transaction on Kartik 8, 2974. The BOD of Raptibheri Bikas Bank has proposed 6% bonus shares for the shareholders of Raptibheri Bikas Bank. The decision is subjected to approval from Nepal Rastra Bank and the bank’s upcoming Annual General Meeting (AGM). Earlier, JBBL had distributed 11.7 % bonus share to its shareholders in the FY 2072/73. JBBL had earned Rs 4.52 crore in the first quarter of current fiscal year 2074/75. Its paid up capital after acquisition reached Rs 2.36 arba and after the issuance of this bonus share, its paid up capital will reach Rs 2.59 arba. Jyoti Bikas Bank will maintain the minimum paid up capital requirement by issuing bonus share.