Kathmandu. The annual general meeting of Mahalakshmi Development Bank has passed a resolution to pay 9.26 percent dividend from last year's profit. The resolution was passed by the bank's 19th annual general meeting held via video conference.

The meeting also passed a proposal to pay a dividend of 8.46 percent to the shareholders at the rate of 8.80 percent from the profits of the organization for the fiscal years 2077/78 and 0.46 percent cash dividend for tax purposes.

The Board of Directors has been given the right to make necessary decisions for the purpose of further strengthening the capital base by keeping the proposal of merger and acquisition open from the General Assembly.

The bank is currently providing services through 103 branches and 34 ATMs across the country.