Reliable Dev. Bank announces 10% bonus & 1:1 right share; Paid up to reach Rs 1.62 arba

Reliable Development Bank Limited (REDBL) has decided to distribute 10 percent bonus share and 1:1 right share to its shareholders. The BOD meeting of the company held on Baisakh 26, 2073 has proposed 10 percent bonus share and 1:1(100 %) right share to its shareholders. The decision is subjected to approval from Nepal Rastra Bank and the company’s upcoming Annual General Meeting (AGM). Earlier in the fiscal year 2070/71, Reliable Development Bank had distributed 5% bonus share to its shareholders. As per unaudited report, REDBL earned net profit of Rs 7.55 crore in the second quarter of the fiscal year 2072/73. It’s paid up capital remains at Rs 73.83 crore. After distributing 10 percent bonus  share it’s paid up capital will reach to Rs. 81.21 crore. Likewise after distribution of right share its paid up capital will reach Rs 1.62 arba.