Narayani National Finance proposes 12.63% cash dividend

ShareSansar, November 6:

Narayani National Finance Limited has proposed 12.63% cash dividend to its share holders from the net profit it posted in the last fiscal year 2069/70.

A meeting of the finance company has just taken the decision to this effect.

However, the proposed dividend is subject to the approval from Nepal Ratra Bank and the finance company’s upcoming Annual General Meeting.

Narayani National Finance limited was formed after the merge of two finance companies, Narayani Finance Limited and National Finance Limited in 2009.

Narayani Finance limited (NAFIL) is the first financial institution, established by private sector in Chitwan district and National Finance Limited was incorporated on August 30, 1992 with the approval of Nepal Rastra Bank.