Kailash Bikas Bank announces bonus shares and cash dividend

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Kailash Bikas Bank

Kailash Bikas Bank has announced dividend for shareholders from the distributable profit of FY 2075/76.

The board meeting of the company held on 09 Mangsir 2076 has decided to distribute 16% bonus share and 2.77% cash dividend for tax purpose. It is in process of merger with Prime commercial Bank Limited.

The decision should be approved by Nepal Rastra Bank (NRB) and Annual general meeting (AGM).

Its paid up capital stands at Rs.2.52 arba.