Kanchan Development Bank announces 17% dividend including 10% bonus shares; Paid-up capital to reach Rs 58.44 crore

Kanchan Development Bank Limited (KADBL) has also proposed 17% dividends for its shareholders for the FY 2075/76.

As per the notice published in NEPSE, the development bank has proposed 10% bonus shares worth Rs 5.31 crore and 7% cash dividend worth Rs 3.71 crore for the shareholders (including tax for bonus and cash dividend).

The decision was made by the 169^th board meeting of the bank which is subject to approval from Nepal Rastra Bank and upcoming AGM of the bank. After the adjustment of bonus shares, the paid-up capital of the company will reach Rs 58.44 crore

The development bank had distributed 11.29% dividend in the FY 2074/75 including 5% bonus shares. .