Kanchan Development Bank proposes 17% dividend

December 6, 2019 | Investopaper

Kanchan Development Bank has announced a 17 percent dividend to the shareholders. The dividend announcement is from the fiscal year 2075/76.

The board meeting of the bank held on Mangsir 19, has proposed a 10 percent bonus share and a 7 percent cash dividend. On the current capital of Rs. 53.13 crores, the bonus share is worth Rs. 5.31 crores. Likewise, the bank will distribute Rs. 3.72 crores as cash dividend (for tax purposes also).

Kanchan Development Bank will distribute the dividend after the approval from Nepal Rastra Bank and the upcoming AGM.


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