Shine Resunga Development Bank Limited (SHINE) has put forth a dividend proposal of 11.05% for the fiscal year 2079/80. During the bank’s 280th board meeting on 23rd Ashwin 2080, this dividend plan was outlined, which pertains to the paid-up capital of the bank, amounting to Rs. 4.28 Arba. The proposal includes 10.5% bonus shares valued at Rs. 44.98 crores and a 0.55% cash dividend (inclusive of tax) totaling Rs. 2.36 crores.
The final approval of this decision rests with the Nepal Rastra Bank, and it will subsequently be confirmed in the Annual General Meeting (AGM) of the company.