Kathmandu. Kumari Bank has revised the dividend proposed for the last fiscal year 2076/77. A meeting of the bank's board of directors on October 19 proposed a 10 percent bonus share and a 4 percent cash dividend.

The bank has decided to give 10.85 percent bonus share and 3.15 percent cash dividend as soon as the Nepal Rastra Bank has given instructions to amend the dividend. The dividend proposal decided to be amended by the Board of Directors of the bank on November 7 will be distributed after the approval of Nepal Rastra Bank and the approval of the next general meeting of the bank.

Dev: The shareholders of the development bank, which has started integrated business since July 11, will get tax exemption this year. The bank, which has completed the acquisition process, will be exempted from tax on bonus shares this year. Therefore, the shareholders of Kumari Bank will get only 14 percent dividend.

 At present, the bank's paid-up capital is Rs. 12.52 billion. As of mid-July last year, the bank has made a net profit of Rs 1.22 billion. The distributable profit of the bank till that period was Rs. 712.88 million. Kumari Bank's dividend has increased this year as compared to last year. Last year, the bank paid 10 percent bonus shares and 0.53 percent cash dividend.

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