NRB approves dividend of Tinau Mission Development Bank; disapprove right shares

Aug 07, 2020 11:47 AM Merolagani

Nepal Rastra Bank (NRB) has approved dividend of the last FY of Tinau Mission Development Bank (TMDBL). The central bank approve 12 percent bonus share of the bank.

The bank decided to distribute 12 percent stock dividend worth Rs 137.3 million to the shareholders. Currently, the bank has a paid-up capital of Rs 1.67 billion which will reach Rs 1.81 billion after the bonus share distribution.

However, NRB disapproves the proposed 3:1 right shares of the capital maintained after the bonus share distribution of the bank.

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