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<p><span style="font-size:18px">The central bank has clearly stated that the BFIs can distribute cash dividend up to 30 percent of their distributable profit earned in fiscal year 2019/20 irrespective of the capacity to distribute the amount. The central bank made such arrangement by introducing a new work procedure. </span></p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
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<p><span style="font-size:18px">The central bank has clearly stated that the BFIs can distribute cash dividend up to 30 percent of their distributable profit earned in fiscal year 2019/20 irrespective of the capacity to distribute the amount. The central bank made such arrangement by introducing a new work procedure. </span></p>
<p><span style="font-size:18px">With the approval of the new work procedure, the earlier provision for distributing cash dividend issued five years ago has effectively come to an end. Meanwhile, the new work procedure has a provision than mandates BFIs with net distributable profit less than 5 percent of the paid-up capital not to distribute cash dividend except for paying taxes. </span></p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
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include - APP/View/Articles/view.ctp, line 116
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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October 7: Nepal Rastra Bank has capped the maximum limit of cash dividend to be distributed by banks and financial institutions (BFIs) at 30 percent of their profit.
The central bank has clearly stated that the BFIs can distribute cash dividend up to 30 percent of their distributable profit earned in fiscal year 2019/20 irrespective of the capacity to distribute the amount. The central bank made such arrangement by introducing a new work procedure.
With the approval of the new work procedure, the earlier provision for distributing cash dividend issued five years ago has effectively come to an end. Meanwhile, the new work procedure has a provision than mandates BFIs with net distributable profit less than 5 percent of the paid-up capital not to distribute cash dividend except for paying taxes.
As per the new provision, BFIs have to follow nearly half a dozen rules in order to distribute cash dividend and bonus shares. The central bank has also barred BFIs from distributing cash dividend unless they sell their shares in cross holding. However, this rule will not be applicable for microfinance companies.
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
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<p><span style="font-size:18px">With the approval of the new work procedure, the earlier provision for distributing cash dividend issued five years ago has effectively come to an end. Meanwhile, the new work procedure has a provision than mandates BFIs with net distributable profit less than 5 percent of the paid-up capital not to distribute cash dividend except for paying taxes. </span></p>
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include - APP/View/Elements/side_bar.ctp, line 60
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<p><span style="font-size:18px">The central bank has clearly stated that the BFIs can distribute cash dividend up to 30 percent of their distributable profit earned in fiscal year 2019/20 irrespective of the capacity to distribute the amount. The central bank made such arrangement by introducing a new work procedure. </span></p>
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<p><span style="font-size:18px">As per the new provision, BFIs have to follow nearly half a dozen rules in order to distribute cash dividend and bonus shares. The central bank has also barred BFIs from distributing cash dividend unless they sell their shares in cross holding. However, this rule will not be applicable for microfinance companies.</span></p>
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
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<p><span style="font-size:18px">The central bank has clearly stated that the BFIs can distribute cash dividend up to 30 percent of their distributable profit earned in fiscal year 2019/20 irrespective of the capacity to distribute the amount. The central bank made such arrangement by introducing a new work procedure. </span></p>
<p><span style="font-size:18px">With the approval of the new work procedure, the earlier provision for distributing cash dividend issued five years ago has effectively come to an end. Meanwhile, the new work procedure has a provision than mandates BFIs with net distributable profit less than 5 percent of the paid-up capital not to distribute cash dividend except for paying taxes. </span></p>
<p><span style="font-size:18px">As per the new provision, BFIs have to follow nearly half a dozen rules in order to distribute cash dividend and bonus shares. The central bank has also barred BFIs from distributing cash dividend unless they sell their shares in cross holding. However, this rule will not be applicable for microfinance companies.</span></p>
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<p><span style="font-size:18px">The central bank has clearly stated that the BFIs can distribute cash dividend up to 30 percent of their distributable profit earned in fiscal year 2019/20 irrespective of the capacity to distribute the amount. The central bank made such arrangement by introducing a new work procedure. </span></p>
<p><span style="font-size:18px">With the approval of the new work procedure, the earlier provision for distributing cash dividend issued five years ago has effectively come to an end. Meanwhile, the new work procedure has a provision than mandates BFIs with net distributable profit less than 5 percent of the paid-up capital not to distribute cash dividend except for paying taxes. </span></p>
<p><span style="font-size:18px">As per the new provision, BFIs have to follow nearly half a dozen rules in order to distribute cash dividend and bonus shares. The central bank has also barred BFIs from distributing cash dividend unless they sell their shares in cross holding. However, this rule will not be applicable for microfinance companies.</span></p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
