NCC Bank Announces Dividend

Jul 07, 2019 11:15 AM Merolagani

NCC Bank has announced dividend of the last FY. The 752nd board of directors meeting of the bank held on July 7 decided to propose 15.89 percent stock and 0.83 percent cash dividend to the shareholders.

The bank will distribute bonus share worth Rs 1.11 billion and cash dividend worth Rs 57.6 million for tax purpose.

The proposed dividend is subjected to approval from NRB and its upcoming AGM.

After the bonus share approval, the paid-up capital of the bank will exceed Rs 8 billion.

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Government Fails to Collect Targeted Revenue; Capital Expenditure Nears 70%

Jul 16, 2019 03:53 PM

The government has failed to collect targeted revenue in the current FY. As per the Office of Auditor General (OAG), the government collected 83.66 percent revenue till July 15, a day before the closing of the current FY.