Shine Resunga Development Bank Limited (SHINE) has proposed a 14% dividend for the fiscal year 2078/79.
The bank's 266th meeting of the board held on 7th Mangsir 2079, has proposed 14% dividend from the paid-up capital. The paid-up capital of the bank stands Rs. 3.78 Arba. 13.3% bonus shares worth Rs. 50.28 crores and 0.7% cash dividend (including tax) worth Rs 2.64 crores have been proposed.
This decision is subject to approval from the Nepal Rastra Bank after which it will be endorsed in the AGM of the company.