Yeti Dev Bank declares 50% right share; Paid up capital to reach Rs 2.07arba

Yeti Development Bank Limited (YETI) has decided to distribute 2:1 (50%) right share to its existing shareholders. The BOD meeting of the development bank held on Ashad 21, 2073 has proposed 50 percent right shares to its existing shareholders. Its paid up capital stand at Rs 1.38 arba and after issuance of 50 percent right share its paid up capital will reach Rs  2.07 arba. The decision is subject to approval from bank’s upcoming Annual General Meeting (AGM). The development bank has earned net profit of Rs 20 crore in the third quarter of the ongoing fiscal year.