Kanchan Development Bank announces 11.29% dividend; Paid-up capital to reach Rs 53.13 crore after 5% bonus shares

Kanchan Development Bank Limited (KADBL) has also proposed dividends for its shareholders. For the FY 2074/75, the development bank has proposed 11.29% dividend.

As per the notice published in NEPSE, the development bank has proposed 5% bonus shares worth Rs 2.53 crore and 6.29% cash dividend worth Rs 3.18 crore for the shareholders.

The decision was made by the 147^th board meeting of the bank which is subject to approval from Nepal Rastra Bank and upcoming AGM of the bank.

The development bank had distributed 16.03% bonus shares in the FY 2073/74. After the adjustment of bonus shares, the paid-up capital of the company will reach Rs 53.13 crore.

See the full list of proposed dividend for the FY 2074/75