Jyoti Bikas Bank to Skip Dividend from FY 2079/80
December 20, 2023 | Investopaper
Jyoti Bikas Bank (JBBL), a national-level development bank, has informed about the dividend to the shareholders. The dividend decision is from the fiscal year 2079/80.
The board meeting of the bank has decided to retain all the profit from the fiscal year 2079/80 and skip the dividend.
The bank has sent the financial statements to Nepal Rastra Bank for approval after which it will convene the Annual General Meeting (AGM).
As of Ashad’s end 2080 B.S, Jyoti Bikas Bank has a paid-up capital of Rs 4.39 Arba.
From the previous fiscal year 2078/79, Jyoti Bikas Bank had distributed 6.80 percent dividend to the shareholders, including a 3 percent bonus share and a 3.80 percent cash dividend.
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