Shine Resunga Development Bank (SHINE) Proposes 13% Dividend For FY 2081/82

Shine Resunga Development Bank Limited (SHINE) has put forward a proposal for a 13% dividend for the fiscal year 2081/82.

During its 319th board assembly, convened on the 21st of Kartik 2082, the bank has suggested a 13% dividend based on the paid-up capital. The bank’s paid-up capital is recorded at Rs. 4.87 Arba. The proposal includes 3% bonus shares valued at Rs. 14.62 crore and a 10% cash dividend (post-tax) amounting to Rs. 48.75 crore.

This resolution awaits the approval of the Nepal Rastra Bank, following which it will be ratified at the company’s AGM.