Kathmandu, Dec 22
Nepal Rastra Bank has rejected 9 percent bonus shares proposed by Prabhu Bikas Bank Limited.
According to the officials with the development bank, the central bank has asked them to set aside the entire amount pledged as the dividend under ‘provisioning’.
“Hence, we will not be in a position to give any dividend to our shareholders from the profit we posted in the last fiscal year,” said a highly placed source in the bank.
Meanwhile, the officials informed that they will hold the AGM on January 11.
Nepal Rastra Bank has rejected 9 percent bonus shares proposed by Prabhu Bikas Bank Limited.
According to the officials with the development bank, the central bank has asked them to set aside the entire amount pledged as the dividend under ‘provisioning’.
“Hence, we will not be in a position to give any dividend to our shareholders from the profit we posted in the last fiscal year,” said a highly placed source in the bank.
Meanwhile, the officials informed that they will hold the AGM on January 11.
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