Nepal Bank urges shareholders to dematerialize their shares and update their bank accounts with DPs; pledges to disburse 10% cash dividend and 15% bonus shares ASAP

Nepal Bank has informed that the bank is in the process of distributing its 10% cash dividend endorsed by its 60^th AGM. The bank, through a media release, has informed that it has already disbursed Rs 67.64 crore so far and will be disbursing the remaining Rs 25.04 crore as soon as possible if the shareholders cooperate with the process.

The bank has urged the shareholders to dematerialize their shares, link and update their bank account details with the DPs in order to receive the cash dividend. The bank also informed that 4546 shareholders still need to dematerialize their shares. Through the media release, the bank has also informed that it will soon credit the 15% bonus shares to the demat accounts of their shareholders once all the clearance job is done.