Mahalaxmi Development Bank approved dividend; How much the bonus and cash share is?

Kathmandu, March 26

Mahalaxmi Development Bank Ltd. has approved its dividend. On the 19th Annual General Meeting of Mahalaxmi Development Bank  held today the dividend was approved.

The meeting approved a total dividend of 9.26 percent proposed by the bank from the last fiscal year’s profit. Of which 8.80 percent is bonus share and 0.46 percent is cash dividend (for tax purposes).

The proposal to merge and acquire from the same meeting has been passed with the objective of further strengthening the capital base. The number of customers of Mahalakshmi Development Bank, which is providing services through 103 branches and 34 ATMs in different places of urban and rural areas of the country, is more than 500,000.