Nepal Bank Announces 1st Dividend in 23 years

Nov 18, 2019 11:14 AM Merolagani

Nepal Bank (NBL) has announced the first dividend of the last FY in the last 23 years. The board of directors meeting of the company held on November 17 decided to propose 25 percent dividend to its shareholders.

The bank will distribute 15 percent stock and 10 percent cash dividend to the shareholders. The proposed dividend is subjected to approval from NRB and its upcoming AGM.

 

 


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Flood causes heavy damage to Middle Bhotekoshi hydel project

Jul 09, 2020 04:33 PM

Flood in the Bhotekoshi river in Sindhupalchok district on Wednesday night has inundated the Middle Bhotekoshi hydropower project, causing losses of billions of rupees.