Siddhartha Bank proposes 15 percent dividend

Oct Tue 2021 01:46:46

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Siddhartha Bank proposes 15 percent dividend

Kathmandu. Siddhartha Bank has proposed a total dividend of 15 percent from the profits of the last fiscal year 077/78. The bank has proposed to distribute 14.25 percent bonus shares and 0.75 percent cash dividend for tax purposes on the basis of existing paid-up capital.

At present, the bank's paid-up capital is Rs 10.96 billion. The decision to distribute dividend on the basis of the same capital was taken by the next annual general meeting of the bank after the approval of Nepal Rastra Bank.