Kankai Bikas Bank announces 9.50% dividend; Paid-up capital to reach Rs 51.50 crore after 3% bonus shares

Kankai Bikas Bank Limited (KNBL) has announced 9.50% dividend to its shareholders from the net profit of fiscal year 2074/75.

As per the notice published in NEPSE, the development has announced 3% bonus shares and 6.50% cash dividend for its shareholders. The bank is distributing bonus shares worth Rs 1.50 crore and cash dividend worth Rs 3.25 crore.

After the adjustment of bonus shares, the paid-up capital of the bank will reach Rs 51.50 crore.

The decision of the BoD is subject to approval from Nepal Rastra bank and upcoming AGM.