Garima Bikas Bank Proposes 20% Dividend for FY 2082/83

Garima Bikas Bank has proposed a 20% total dividend for the fiscal year 2082/83. Based on its current paid-up capital of approximately Rs. 6.02 billion, the bank’s Board of Directors has proposed a 10% bonus share dividend and 10% cash dividend, including applicable tax. The proposal was approved during the bank’s 351st Board meeting held on Bhadra 18. The dividend will be distributed from the retained earnings maintained at the end of FY 2082/83. However, the proposal is subject to approval from Nepal Rastra Bank and subsequent endorsement by the bank’s upcoming Annual General Meeting. The bank has yet to announce the listing date and book closure date for the proposed dividend.