Rural Microfinance & Biratlaxmi Bikas Bank declares 26.32% & 25% dividend respectively

Rural Microfinance Development Centre Limited (RMDC) has decided to distribute 10 percent bonus share and 16.32 percent cash dividend including for tax purpose to its shareholders. The 268th BOD Meeting of the company held on Kartik 1 has proposed 10 percent bonus share and 16.32percent cash dividend including tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subject to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). Earlier in the fiscal year 2070/71, Rural Micro finance had distributed 10 percent bonus share and 21.58 percent cash dividend to their shareholders RMDC had earned net profit of Rs 19.98crore in the fourth quarter of last fiscal year 2071/72 unaudited report. It’s paid up capital remains at Rs 57.20 crore. After distributing 10 percent bonus share it’s paid up capital will rise to Rs 62.92 crore. Similarly, Biratlaxmi Bikas Bank Limited (BLDBL) has decided to distribute 25 percent bonus share to its shareholders. The BOD Meeting of the company held on Ashwin 30 has proposed 25 percent bonus share to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subject to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). Earlier in the fiscal year 2070/71, Biratlaxmi Bikas Bank had distributed 45 percent bonus share to their shareholders BLDBLhad earned net profit of Rs9.31crore in the fourth quarter of last fiscal year 2071/72 unaudited report. It’s paid up capital remains at Rs 34.02 crore. After distributing 25 percent bonus share it’s paid up capital will rise to Rs 42.52 crore.