Shine Resunga Development Bank Proposes 16% Dividend

Shine Resunga Development Bank Limited has proposed a 16% dividend to its shareholders for the fiscal year 2082/83. The proposed dividend comprises 6% bonus shares and 10% cash dividend, including tax applicable to the bonus shares.

The bank’s Board of Directors meeting held on Bhadra 28 approved the dividend proposal based on the distributable retained profit for the fiscal year.

The proposed dividend is subject to approval from Nepal Rastra Bank and endorsement by the bank’s upcoming Annual General Meeting (AGM). The dividend will be distributed only after obtaining the required approvals.