KATHMANDU, Dec 9: Innovative Development Bank Ltd (IDBL) has announced to distribute 28.42 percent dividend to its shareholders.
Issuing a statement, the development bank said that its board of directors meeting held on Tuesday decided to distribute 27 percent bonus shares and 1.42 percent of cash dividend (for tax purpose) to its shareholders from the net profit earned in last Fiscal Year 2014/15.
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The decision, however, is subject to approval of Nepal Rastra Bank and the bank's upcoming AGM, according to the statement.
