Kanchan Development Bank announces bonus share and cash dividend

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Kanchan Development Bank Limited has announced dividend for shareholders from the distributable profit of FY 2075/76.

The board meeting of the company held on 19 Mangsir 2076 has decided to distribute 10% bonus shares and 7% cash dividend including dividend tax.

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

Currently, its paid up capital stands at Rs.53.13 crore.