Central Finance Limited (CFCL) has announced that it will not be giving out any dividends for the Fiscal Year 2079/80. This decision was reached during the 335th Board Meeting held on Falgun 04. However, it’s essential to understand that this decision is dependent on the approval of the financial statements by the regulatory authority, Nepal Rastra Bank, and the forthcoming Annual General Meeting of the company.
In a strategic move prioritizing financial stability, Nepal Investment Mega Bank Limited (NIMB) has declared a noteworthy decision in its 598th Board Meeting held on Magh 19, 2080. The bank has chosen not to distribute dividends for the Fiscal Year 2079/80. This prudent decision reflects NIMB’s commitment to fortifying its financial reserves and aligning with industry dynamics. While awaiting approvals from Nepal Rastra Bank and the imminent Annual General Meeting, NIMB’s decision underscores its focus on maintaining a robust financial foundation, ensuring sustained growth, and fortifying its position in the banking sector.
Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA) has officially declared that it will not be distributing dividends for the Fiscal Year 2079/80.
The decision was made during the Board Meeting of JALPA on Magh 16, 2080, where it was decided that the company would abstain from distributing any dividends for the mentioned fiscal year. Importantly, the implementation of this decision is contingent upon receiving approval for the financial statements from the regulatory authority, Nepal Rastra Bank, as well as confirmation during the upcoming Annual General Meeting of the company.
As of the latest update, JALPA’s closing stock price stands at Rs. 1,170.00. This decision not to distribute dividends reflects the company’s current financial strategy and considerations, and further clarity on this matter will be provided following the necessary regulatory approvals.
WNLB, as per the decision made during its recent Board Meeting on Magh 10, 2080, has opted not to distribute any dividends for the fiscal year 2079/80. This resolution is subject to the approval of the financial statements by the regulatory authority, Nepal Rastra Bank, and the forthcoming Annual General Meeting of the company. It’s noteworthy that WNLB’s stance on dividends reflects a strategic approach, considering various factors that impact financial decisions. As of the latest update, the company’s stock, denoted by WNLB, closed at Rs. 859.00. This decision underscores the company’s commitment to prudent financial management and aligning shareholder expectations with the current business landscape. Investors and stakeholders will be keenly awaiting the regulatory approval and the insights provided during the upcoming Annual General Meeting for a comprehensive understanding of WNLB’s financial position and future prospects.
Prabhu Bank Limited (PRVU) has declared that it will not be issuing any dividends for the Fiscal Year 2079/80. The decision was reached during the Board Meeting held on Magh 08, 2080. It is important to note that the distribution of dividends is contingent upon the approval of the financial statements by Nepal Rastra Bank and the subsequent Annual General Meeting of the company.
As of the latest available information, PRVU closed at Rs. 159.90 yesterday. The decision to forgo dividends suggests a strategic choice by the bank, and investors will await further details during the Annual General Meeting for a comprehensive understanding of the financial position and considerations behind this decision.
Nepal Life Insurance Company Limited (NLIC) announces its decision to forgo the distribution of dividends for the Fiscal Year 2078/79, following the resolution made during its 367th Board Meeting held on Magh 7, 2080. The company, subject to approval from the regulatory authority, Nepal Insurance Authority, and the impending Annual General Meeting, has opted not to distribute dividends to its shareholders based on the profit earned during the specified fiscal year. This strategic decision reflects NLIC’s commitment to financial prudence and aligns with regulatory considerations, ensuring transparency and responsible financial management.
Kisan Laghubitta Bittiya Sanstha Limited (KLBSL) has announced the non-distribution of dividends for the Fiscal Year 2079/80. The decision was made during the 127th Board Meeting on Poush 26, 2080. It’s worth noting that this determination is subject to approval from the regulatory authority, Nepal Rastra Bank, and confirmation at the upcoming Annual General Meeting of the company.
As of the latest update, KLBSL closed at Rs. 785.00.
Infinity Laghubitta Bittiya Sanstha Limited (ILBS) has declared that it will not be disbursing any dividends for the Fiscal Year 2079/80. The decision was made during the Board Meeting of ILBS on Poush 04, 2080. It was decided that the company would refrain from distributing dividends for the mentioned fiscal year. It’s important to note that the financial statements are pending approval from Nepal Rastra Bank and await confirmation at the upcoming Annual General Meeting of the company.
As of the latest update, ILBS closed at Rs. 680.00.
According to the Nepal Bankers Association (NBA), the interest rate on fixed deposits would be reduced beginning in the approaching month of Baishakh, 2080. The majority of banks indicated support for decreasing the interest rate at the Bankers’ Association meeting on Wednesday, and the decision was taken to also cut the term interest rate.
The NBA, the umbrella organization for commercial banks, has resolved to slash interest rates. As a result, it has been agreed to reduce the interest rate on personal deposits by 10%. As a result of this change, the interest rate on fixed deposits has now fallen into the single digits.
During its conference, the Development Bankers Association, an association of Development Bank CEOs, also resolved to drop the interest rate. The committee members have agreed to reduce the deposit interest rate by 1%.
According to development banks, the interest rate on personal term deposits will now be 10.6 percent rather than 11.6 percent. Similarly, the interest rate on institutional term deposits has been reduced to 8.60 percent. It was also decided to reduce the savings interest rate by 0.60 percentage points. The lower interest rate will take effect on the first