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    Nepal Breaking NewsEconomy | FinanceA substantial dividend for the fiscal year 2077/78 has been proposed by...

    A substantial dividend for the fiscal year 2077/78 has been proposed by Nabil Bank Limited (NABIL).

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    A substantial for the fiscal year 2077/78 has been forecast by Nabil Bank Limited (NABIL).

    The board of directors of the company voted on Tuesday to issue a 38 percent to its stockholders at its meeting held on Tuesday.

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    Of the projected 38 percent, 33.6 percent will be issued in the form of bonus shares and 4.4 percent will be distributed as a cash dividend (including tax).

    It is still up the to grant approval for the proposed dividend, and the company’s Annual General Meeting must approve it before it effective (AGM).

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    The commercial bank has a paid-up capital of Rs 13.84 billion, to the RBI.

    As of Wednesday, NABIL has Rs 1,653 in liquid assets.


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