NB Bank Approves Bonus and Right Shares

October 25: The 22nd annual general meeting (AGM) of Nepal Bangladesh Bank (NB Bank) has approved 32 percent bonus shares and 1.6 percent cash dividend for the tax purpose.

Moreover, the AGM also approved a proposal of issuing 10:8 right shares after the bonus shares distribution to meet the minimum paid-up capital of Rs 8 billion as per the Nepal Rastra Bank (NRB) directive.

 Issuing a press statement, the bank informed that the paid-up capital after distribution bonus share and right shares will reach Rs 7.22 billion.