Mahalaxmi Bikas Bank Concludes 24th AGM, Approves 10.37% Dividend

Mahalaxmi Bikas Bank Limited held its 24th Annual General Meeting on 21 Poush 2082 under the chairmanship of Rajesh Upadhyay. The AGM approved the bank’s financial statements for FY 2081/82, including profit and loss, cash flow, and equity changes. A total dividend of 10.37% was declared, comprising 5.37% cash dividend and 5% bonus shares.

The bank reported improved financial indicators compared to FY 2080/81, with deposit reaching Rs. 56.22 Arba, loans NPR 47.21 Arba, and capital adequacy rising to 17.06%. Six directors were elected, three from founders and three from public shareholders, with Rajesh Upadhyay re-elected as Chairman. The AGM emphasized enhanced customer satisfaction and quality financial services.