Today is the last chance to grab Jyoti Bikas Bank’s 12.6% dividend, too

ShareSansar, July 1:

As Jyoti Bikas Bank Limited has announced the book closure from tomorrow for its sixth Annual General Meeting, today is the last day to get hold of 12.60 percent dividend, including 7 percent bonus shares, of the development bank.

The central bank had just very recently approved the dividend the BoD of the development bank had pledged six month ago to its shareholders from the net profit it posted in the last fiscal year 2069/70.

According to Jyoti’s company secretary Madan Mahat, the central bank took a long time to approve the final balance sheet of the bank, citing some technical aspects of a project being funded by the bank.

Last week they had taken some central bank officials to the site of Jiri Khola Sana Hydropower project to show that the problem has been resolved.

The national level development bank, which was established with the aim of financing hydropower and infrastructure, has invested Rs 23 crore in Jiri Khola Sano Hydropower.

Jyoti Bikash Bank had posted a net profit of Rs 7.26 crore in the last fiscal year 2069/70.