Sindhu Bikas Bank announces 11% bonus shares to shareholders; subject to NRB, AGM approval

ShareSansar, October 26:

Sindhu Bikash Bank Ltd has announced 11 percent bonus shares plus 0.58 percent cash dividend for tax purpose to its shareholders.

According to a disclosure of the bank, its 111th board of directors (BoD) meeting held recently proposed to offer the 11.58 percent dividend to its shareholders.

The proposed dividend is, however, subject to the approval of Nepal Rastra Bank (NRB) and its upcoming AGM.

The bank had floated its Initial Public Offering to the public in fiscal year 2069/70.

According to the unaudited financial statement of the bank, it has earned Rs 1.38 crore net profit in the last fiscal year 2070/71, up from  Rs 1.17 crore in the previous fiscal year 2069