Kanchan Development Bank Announces Dividend

Dec 06, 2019 11:44 AM Merolagani

Kanchan Development Bank has announced dividend of the last FY. The 169^th board of directors meeting of the bank held on December 5 decided to propose 17 percent dividend to its shareholders.

The bank will distribute 10 percent stock and 7 percent cash dividen

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

The bank has a paid-up capital of Rs 531.3 million that will reach Rs 584.4 million after the bonus share distribution.

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