Biratlaxmi offers 27 pc dividend, Muktinath 27.5 pc

Two more development banks have proposed dividends to their shareholders from the net profit they have made in the last fiscal year.

Biratlaxmi Bikash Bank Limited has proposed 27 percent bonus shares while Muktinath Bikash Bank Limited has offered 27.5 percent dividend – 20 percent bonus shares and 7.5 percent cash.

The 11th meeting of Muktinath Bikash Bank’s board of directors has also announced book closure of 30 percent of its right shares on September 20.

The proposed dividends, however, need to be approved by the Annual General Meeting of the respective development banks and the Nepal Rastra Bank.