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<strong><span style="font-size:14px;">NRB refutes deadline extension reports</span></strong></div>
<div>
Nepal Rastra Bank (NRB) clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs). NRB has ruled out extension of the deadline after there was news reporting that it had extended the deadline to meet the minimum required capital. “We have provisioned that the proposed bonus share distribution on Fiscal Year 2013-14 if approved by the NRB could be counted on the paid-up capital,” NRB spokesperson Bhaskarmani Gyawali said. Through the monetary policy, the NRB had directed those bank and financial institutions, who are yet to meet the minimum paid-up capital, to do so by the end of FY 2013-14. </div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Tinau’s dividend approved</strong></span></div>
<div>
Tinau Development Bank Ltd, headquartered at Butwal, got an approval from Nepal Rastra Bank to distribute a 12.69 per cent dividend. The bank is going to distribute the bonus from the profit of Fiscal Year 2012-13. The bank has collected Rs 1.53 billion deposit and extended a total of Rs 1.12 billion during the review period. It has earned a Rs 23.3 million profit and has issued capital of Rs 200 million and paid up capital of 115 million with eight branches in operation.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Everest Announces Book Closure Date</strong></span></div>
<div>
Everest Bank announced the book closure for share trading from September 18 to October 10 for the upcoming Annual General Meeting (AGM) of the bank. Releasing a communiqué last Wednesday, the bank stated that the 237th meeting of the Board of Directors (BoD) held on September 6 made such a decision. The details of AGM of 2012/13 will be made public by publishing the notice, the communiqué added.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Siddhartha Development’s ‘SDBL Auto Loan’</strong></span></div>
<div>
Siddhartha Development Bank Ltd started the ‘SDBL Auto Loan’ scheme on the occasion of Dashain. According to the scheme, it will extend loans on 11.99 per cent per annum interest rate to purchase new and reconditioned vehicles with 60 per cent discount on service charge. Likewise, other features of the scheme include loans of up to 80 per cent of the vehicle cost, seven years of moratorium period and unchangeable interest rate for a year, among others.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Garima’s 25 pc dividend</strong></span></div>
<div>
Garima Development Bank Ltd has said that it will propose a 25 per cent dividend distribution at its Annual General Meeting (AGM). According to the bank, it is going to propose 20 per cent bonus shares and 5 per cent cash dividend. The bank has collected a total amount of Rs 3 billion deposit and floated Rs 2.43 billion as a loan until the end of Fiscal Year 2012-13. Chief Executive Officer Govinda Prashad Dhakal informed that the bank earned an operating profit worth Rs 96.1 million in the FY2012-13. He further said that the bank is planning to issue rights shares next month. The bank has claimed that its issued and paid-up capital will reach 374 million after issuing rights share and distributing the dividends.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Kaski Finance to distribute 13 pc cash dividend</strong></span></div>
<div>
Pokhara based Kaski Finance has said that it will distribute 13 per cent cash dividend to its shareholders. The dividend will be distributed after the approval from the Annual General Assembly of the Finance and the decision of the 98th meeting of the Board of Directors. Chief Executive Officer (CEO) Toya Raj Adhikari said that the cash dividend is being distributed from the Finance’s profit of the Fiscal Year 2012-13.</div>',
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<strong><span style="font-size:14px;">NRB refutes deadline extension reports</span></strong></div>
<div>
Nepal Rastra Bank (NRB) clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs). NRB has ruled out extension of the deadline after there was news reporting that it had extended the deadline to meet the minimum required capital. “We have provisioned that the proposed bonus share distribution on Fiscal Year 2013-14 if approved by the NRB could be counted on the paid-up capital,” NRB spokesperson Bhaskarmani Gyawali said. Through the monetary policy, the NRB had directed those bank and financial institutions, who are yet to meet the minimum paid-up capital, to do so by the end of FY 2013-14. </div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Tinau’s dividend approved</strong></span></div>
<div>
Tinau Development Bank Ltd, headquartered at Butwal, got an approval from Nepal Rastra Bank to distribute a 12.69 per cent dividend. The bank is going to distribute the bonus from the profit of Fiscal Year 2012-13. The bank has collected Rs 1.53 billion deposit and extended a total of Rs 1.12 billion during the review period. It has earned a Rs 23.3 million profit and has issued capital of Rs 200 million and paid up capital of 115 million with eight branches in operation.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Everest Announces Book Closure Date</strong></span></div>
<div>
Everest Bank announced the book closure for share trading from September 18 to October 10 for the upcoming Annual General Meeting (AGM) of the bank. Releasing a communiqué last Wednesday, the bank stated that the 237th meeting of the Board of Directors (BoD) held on September 6 made such a decision. The details of AGM of 2012/13 will be made public by publishing the notice, the communiqué added.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Siddhartha Development’s ‘SDBL Auto Loan’</strong></span></div>
<div>
Siddhartha Development Bank Ltd started the ‘SDBL Auto Loan’ scheme on the occasion of Dashain. According to the scheme, it will extend loans on 11.99 per cent per annum interest rate to purchase new and reconditioned vehicles with 60 per cent discount on service charge. Likewise, other features of the scheme include loans of up to 80 per cent of the vehicle cost, seven years of moratorium period and unchangeable interest rate for a year, among others.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Garima’s 25 pc dividend</strong></span></div>
<div>
Garima Development Bank Ltd has said that it will propose a 25 per cent dividend distribution at its Annual General Meeting (AGM). According to the bank, it is going to propose 20 per cent bonus shares and 5 per cent cash dividend. The bank has collected a total amount of Rs 3 billion deposit and floated Rs 2.43 billion as a loan until the end of Fiscal Year 2012-13. Chief Executive Officer Govinda Prashad Dhakal informed that the bank earned an operating profit worth Rs 96.1 million in the FY2012-13. He further said that the bank is planning to issue rights shares next month. The bank has claimed that its issued and paid-up capital will reach 374 million after issuing rights share and distributing the dividends.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Kaski Finance to distribute 13 pc cash dividend</strong></span></div>
<div>
Pokhara based Kaski Finance has said that it will distribute 13 per cent cash dividend to its shareholders. The dividend will be distributed after the approval from the Annual General Assembly of the Finance and the decision of the 98th meeting of the Board of Directors. Chief Executive Officer (CEO) Toya Raj Adhikari said that the cash dividend is being distributed from the Finance’s profit of the Fiscal Year 2012-13.</div>',
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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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<strong><span style="font-size:14px;">NRB refutes deadline extension reports</span></strong></div>
<div>
Nepal Rastra Bank (NRB) clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs). NRB has ruled out extension of the deadline after there was news reporting that it had extended the deadline to meet the minimum required capital. “We have provisioned that the proposed bonus share distribution on Fiscal Year 2013-14 if approved by the NRB could be counted on the paid-up capital,” NRB spokesperson Bhaskarmani Gyawali said. Through the monetary policy, the NRB had directed those bank and financial institutions, who are yet to meet the minimum paid-up capital, to do so by the end of FY 2013-14. </div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Tinau’s dividend approved</strong></span></div>
<div>
Tinau Development Bank Ltd, headquartered at Butwal, got an approval from Nepal Rastra Bank to distribute a 12.69 per cent dividend. The bank is going to distribute the bonus from the profit of Fiscal Year 2012-13. The bank has collected Rs 1.53 billion deposit and extended a total of Rs 1.12 billion during the review period. It has earned a Rs 23.3 million profit and has issued capital of Rs 200 million and paid up capital of 115 million with eight branches in operation.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Everest Announces Book Closure Date</strong></span></div>
<div>
Everest Bank announced the book closure for share trading from September 18 to October 10 for the upcoming Annual General Meeting (AGM) of the bank. Releasing a communiqué last Wednesday, the bank stated that the 237th meeting of the Board of Directors (BoD) held on September 6 made such a decision. The details of AGM of 2012/13 will be made public by publishing the notice, the communiqué added.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Siddhartha Development’s ‘SDBL Auto Loan’</strong></span></div>
<div>
Siddhartha Development Bank Ltd started the ‘SDBL Auto Loan’ scheme on the occasion of Dashain. According to the scheme, it will extend loans on 11.99 per cent per annum interest rate to purchase new and reconditioned vehicles with 60 per cent discount on service charge. Likewise, other features of the scheme include loans of up to 80 per cent of the vehicle cost, seven years of moratorium period and unchangeable interest rate for a year, among others.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Garima’s 25 pc dividend</strong></span></div>
<div>
Garima Development Bank Ltd has said that it will propose a 25 per cent dividend distribution at its Annual General Meeting (AGM). According to the bank, it is going to propose 20 per cent bonus shares and 5 per cent cash dividend. The bank has collected a total amount of Rs 3 billion deposit and floated Rs 2.43 billion as a loan until the end of Fiscal Year 2012-13. Chief Executive Officer Govinda Prashad Dhakal informed that the bank earned an operating profit worth Rs 96.1 million in the FY2012-13. He further said that the bank is planning to issue rights shares next month. The bank has claimed that its issued and paid-up capital will reach 374 million after issuing rights share and distributing the dividends.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Kaski Finance to distribute 13 pc cash dividend</strong></span></div>
<div>
Pokhara based Kaski Finance has said that it will distribute 13 per cent cash dividend to its shareholders. The dividend will be distributed after the approval from the Annual General Assembly of the Finance and the decision of the 98th meeting of the Board of Directors. Chief Executive Officer (CEO) Toya Raj Adhikari said that the cash dividend is being distributed from the Finance’s profit of the Fiscal Year 2012-13.</div>',
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<strong><span style="font-size:14px;">NRB refutes deadline extension reports</span></strong></div>
<div>
Nepal Rastra Bank (NRB) clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs). NRB has ruled out extension of the deadline after there was news reporting that it had extended the deadline to meet the minimum required capital. “We have provisioned that the proposed bonus share distribution on Fiscal Year 2013-14 if approved by the NRB could be counted on the paid-up capital,” NRB spokesperson Bhaskarmani Gyawali said. Through the monetary policy, the NRB had directed those bank and financial institutions, who are yet to meet the minimum paid-up capital, to do so by the end of FY 2013-14. </div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Tinau’s dividend approved</strong></span></div>
<div>
Tinau Development Bank Ltd, headquartered at Butwal, got an approval from Nepal Rastra Bank to distribute a 12.69 per cent dividend. The bank is going to distribute the bonus from the profit of Fiscal Year 2012-13. The bank has collected Rs 1.53 billion deposit and extended a total of Rs 1.12 billion during the review period. It has earned a Rs 23.3 million profit and has issued capital of Rs 200 million and paid up capital of 115 million with eight branches in operation.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Everest Announces Book Closure Date</strong></span></div>
<div>
Everest Bank announced the book closure for share trading from September 18 to October 10 for the upcoming Annual General Meeting (AGM) of the bank. Releasing a communiqué last Wednesday, the bank stated that the 237th meeting of the Board of Directors (BoD) held on September 6 made such a decision. The details of AGM of 2012/13 will be made public by publishing the notice, the communiqué added.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Siddhartha Development’s ‘SDBL Auto Loan’</strong></span></div>
<div>
Siddhartha Development Bank Ltd started the ‘SDBL Auto Loan’ scheme on the occasion of Dashain. According to the scheme, it will extend loans on 11.99 per cent per annum interest rate to purchase new and reconditioned vehicles with 60 per cent discount on service charge. Likewise, other features of the scheme include loans of up to 80 per cent of the vehicle cost, seven years of moratorium period and unchangeable interest rate for a year, among others.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Garima’s 25 pc dividend</strong></span></div>
<div>
Garima Development Bank Ltd has said that it will propose a 25 per cent dividend distribution at its Annual General Meeting (AGM). According to the bank, it is going to propose 20 per cent bonus shares and 5 per cent cash dividend. The bank has collected a total amount of Rs 3 billion deposit and floated Rs 2.43 billion as a loan until the end of Fiscal Year 2012-13. Chief Executive Officer Govinda Prashad Dhakal informed that the bank earned an operating profit worth Rs 96.1 million in the FY2012-13. He further said that the bank is planning to issue rights shares next month. The bank has claimed that its issued and paid-up capital will reach 374 million after issuing rights share and distributing the dividends.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Kaski Finance to distribute 13 pc cash dividend</strong></span></div>
<div>
Pokhara based Kaski Finance has said that it will distribute 13 per cent cash dividend to its shareholders. The dividend will be distributed after the approval from the Annual General Assembly of the Finance and the decision of the 98th meeting of the Board of Directors. Chief Executive Officer (CEO) Toya Raj Adhikari said that the cash dividend is being distributed from the Finance’s profit of the Fiscal Year 2012-13.</div>',
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<strong><span style="font-size:14px;">NRB refutes deadline extension reports</span></strong></div>
<div>
Nepal Rastra Bank (NRB) clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs). NRB has ruled out extension of the deadline after there was news reporting that it had extended the deadline to meet the minimum required capital. “We have provisioned that the proposed bonus share distribution on Fiscal Year 2013-14 if approved by the NRB could be counted on the paid-up capital,” NRB spokesperson Bhaskarmani Gyawali said. Through the monetary policy, the NRB had directed those bank and financial institutions, who are yet to meet the minimum paid-up capital, to do so by the end of FY 2013-14. </div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Tinau’s dividend approved</strong></span></div>
<div>
Tinau Development Bank Ltd, headquartered at Butwal, got an approval from Nepal Rastra Bank to distribute a 12.69 per cent dividend. The bank is going to distribute the bonus from the profit of Fiscal Year 2012-13. The bank has collected Rs 1.53 billion deposit and extended a total of Rs 1.12 billion during the review period. It has earned a Rs 23.3 million profit and has issued capital of Rs 200 million and paid up capital of 115 million with eight branches in operation.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Everest Announces Book Closure Date</strong></span></div>
<div>
Everest Bank announced the book closure for share trading from September 18 to October 10 for the upcoming Annual General Meeting (AGM) of the bank. Releasing a communiqué last Wednesday, the bank stated that the 237th meeting of the Board of Directors (BoD) held on September 6 made such a decision. The details of AGM of 2012/13 will be made public by publishing the notice, the communiqué added.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Siddhartha Development’s ‘SDBL Auto Loan’</strong></span></div>
<div>
Siddhartha Development Bank Ltd started the ‘SDBL Auto Loan’ scheme on the occasion of Dashain. According to the scheme, it will extend loans on 11.99 per cent per annum interest rate to purchase new and reconditioned vehicles with 60 per cent discount on service charge. Likewise, other features of the scheme include loans of up to 80 per cent of the vehicle cost, seven years of moratorium period and unchangeable interest rate for a year, among others.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Garima’s 25 pc dividend</strong></span></div>
<div>
Garima Development Bank Ltd has said that it will propose a 25 per cent dividend distribution at its Annual General Meeting (AGM). According to the bank, it is going to propose 20 per cent bonus shares and 5 per cent cash dividend. The bank has collected a total amount of Rs 3 billion deposit and floated Rs 2.43 billion as a loan until the end of Fiscal Year 2012-13. Chief Executive Officer Govinda Prashad Dhakal informed that the bank earned an operating profit worth Rs 96.1 million in the FY2012-13. He further said that the bank is planning to issue rights shares next month. The bank has claimed that its issued and paid-up capital will reach 374 million after issuing rights share and distributing the dividends.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Kaski Finance to distribute 13 pc cash dividend</strong></span></div>
<div>
Pokhara based Kaski Finance has said that it will distribute 13 per cent cash dividend to its shareholders. The dividend will be distributed after the approval from the Annual General Assembly of the Finance and the decision of the 98th meeting of the Board of Directors. Chief Executive Officer (CEO) Toya Raj Adhikari said that the cash dividend is being distributed from the Finance’s profit of the Fiscal Year 2012-13.</div>',
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<strong><span style="font-size:14px;">NRB refutes deadline extension reports</span></strong></div>
<div>
Nepal Rastra Bank (NRB) clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs). NRB has ruled out extension of the deadline after there was news reporting that it had extended the deadline to meet the minimum required capital. “We have provisioned that the proposed bonus share distribution on Fiscal Year 2013-14 if approved by the NRB could be counted on the paid-up capital,” NRB spokesperson Bhaskarmani Gyawali said. Through the monetary policy, the NRB had directed those bank and financial institutions, who are yet to meet the minimum paid-up capital, to do so by the end of FY 2013-14. </div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Tinau’s dividend approved</strong></span></div>
<div>
Tinau Development Bank Ltd, headquartered at Butwal, got an approval from Nepal Rastra Bank to distribute a 12.69 per cent dividend. The bank is going to distribute the bonus from the profit of Fiscal Year 2012-13. The bank has collected Rs 1.53 billion deposit and extended a total of Rs 1.12 billion during the review period. It has earned a Rs 23.3 million profit and has issued capital of Rs 200 million and paid up capital of 115 million with eight branches in operation.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Everest Announces Book Closure Date</strong></span></div>
<div>
Everest Bank announced the book closure for share trading from September 18 to October 10 for the upcoming Annual General Meeting (AGM) of the bank. Releasing a communiqué last Wednesday, the bank stated that the 237th meeting of the Board of Directors (BoD) held on September 6 made such a decision. The details of AGM of 2012/13 will be made public by publishing the notice, the communiqué added.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Siddhartha Development’s ‘SDBL Auto Loan’</strong></span></div>
<div>
Siddhartha Development Bank Ltd started the ‘SDBL Auto Loan’ scheme on the occasion of Dashain. According to the scheme, it will extend loans on 11.99 per cent per annum interest rate to purchase new and reconditioned vehicles with 60 per cent discount on service charge. Likewise, other features of the scheme include loans of up to 80 per cent of the vehicle cost, seven years of moratorium period and unchangeable interest rate for a year, among others.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Garima’s 25 pc dividend</strong></span></div>
<div>
Garima Development Bank Ltd has said that it will propose a 25 per cent dividend distribution at its Annual General Meeting (AGM). According to the bank, it is going to propose 20 per cent bonus shares and 5 per cent cash dividend. The bank has collected a total amount of Rs 3 billion deposit and floated Rs 2.43 billion as a loan until the end of Fiscal Year 2012-13. Chief Executive Officer Govinda Prashad Dhakal informed that the bank earned an operating profit worth Rs 96.1 million in the FY2012-13. He further said that the bank is planning to issue rights shares next month. The bank has claimed that its issued and paid-up capital will reach 374 million after issuing rights share and distributing the dividends.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Kaski Finance to distribute 13 pc cash dividend</strong></span></div>
<div>
Pokhara based Kaski Finance has said that it will distribute 13 per cent cash dividend to its shareholders. The dividend will be distributed after the approval from the Annual General Assembly of the Finance and the decision of the 98th meeting of the Board of Directors. Chief Executive Officer (CEO) Toya Raj Adhikari said that the cash dividend is being distributed from the Finance’s profit of the Fiscal Year 2012-13.</div>',
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Nepal Rastra Bank (NRB) clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs). NRB has ruled out extension of the deadline after there was news reporting that it had extended the deadline to meet the minimum required capital. “We have provisioned that the proposed bonus share distribution on Fiscal Year 2013-14 if approved by the NRB could be counted on the paid-up capital,” NRB spokesperson Bhaskarmani Gyawali said. Through the monetary policy, the NRB had directed those bank and financial institutions, who are yet to meet the minimum paid-up capital, to do so by the end of FY 2013-14.
Tinau’s dividend approved
Tinau Development Bank Ltd, headquartered at Butwal, got an approval from Nepal Rastra Bank to distribute a 12.69 per cent dividend. The bank is going to distribute the bonus from the profit of Fiscal Year 2012-13. The bank has collected Rs 1.53 billion deposit and extended a total of Rs 1.12 billion during the review period. It has earned a Rs 23.3 million profit and has issued capital of Rs 200 million and paid up capital of 115 million with eight branches in operation.
Everest Announces Book Closure Date
Everest Bank announced the book closure for share trading from September 18 to October 10 for the upcoming Annual General Meeting (AGM) of the bank. Releasing a communiqué last Wednesday, the bank stated that the 237th meeting of the Board of Directors (BoD) held on September 6 made such a decision. The details of AGM of 2012/13 will be made public by publishing the notice, the communiqué added.
Siddhartha Development’s ‘SDBL Auto Loan’
Siddhartha Development Bank Ltd started the ‘SDBL Auto Loan’ scheme on the occasion of Dashain. According to the scheme, it will extend loans on 11.99 per cent per annum interest rate to purchase new and reconditioned vehicles with 60 per cent discount on service charge. Likewise, other features of the scheme include loans of up to 80 per cent of the vehicle cost, seven years of moratorium period and unchangeable interest rate for a year, among others.
Garima’s 25 pc dividend
Garima Development Bank Ltd has said that it will propose a 25 per cent dividend distribution at its Annual General Meeting (AGM). According to the bank, it is going to propose 20 per cent bonus shares and 5 per cent cash dividend. The bank has collected a total amount of Rs 3 billion deposit and floated Rs 2.43 billion as a loan until the end of Fiscal Year 2012-13. Chief Executive Officer Govinda Prashad Dhakal informed that the bank earned an operating profit worth Rs 96.1 million in the FY2012-13. He further said that the bank is planning to issue rights shares next month. The bank has claimed that its issued and paid-up capital will reach 374 million after issuing rights share and distributing the dividends.
Kaski Finance to distribute 13 pc cash dividend
Pokhara based Kaski Finance has said that it will distribute 13 per cent cash dividend to its shareholders. The dividend will be distributed after the approval from the Annual General Assembly of the Finance and the decision of the 98th meeting of the Board of Directors. Chief Executive Officer (CEO) Toya Raj Adhikari said that the cash dividend is being distributed from the Finance’s profit of the Fiscal Year 2012-13.
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<strong><span style="font-size:14px;">NRB refutes deadline extension reports</span></strong></div>
<div>
Nepal Rastra Bank (NRB) clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs). NRB has ruled out extension of the deadline after there was news reporting that it had extended the deadline to meet the minimum required capital. “We have provisioned that the proposed bonus share distribution on Fiscal Year 2013-14 if approved by the NRB could be counted on the paid-up capital,” NRB spokesperson Bhaskarmani Gyawali said. Through the monetary policy, the NRB had directed those bank and financial institutions, who are yet to meet the minimum paid-up capital, to do so by the end of FY 2013-14. </div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Tinau’s dividend approved</strong></span></div>
<div>
Tinau Development Bank Ltd, headquartered at Butwal, got an approval from Nepal Rastra Bank to distribute a 12.69 per cent dividend. The bank is going to distribute the bonus from the profit of Fiscal Year 2012-13. The bank has collected Rs 1.53 billion deposit and extended a total of Rs 1.12 billion during the review period. It has earned a Rs 23.3 million profit and has issued capital of Rs 200 million and paid up capital of 115 million with eight branches in operation.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Everest Announces Book Closure Date</strong></span></div>
<div>
Everest Bank announced the book closure for share trading from September 18 to October 10 for the upcoming Annual General Meeting (AGM) of the bank. Releasing a communiqué last Wednesday, the bank stated that the 237th meeting of the Board of Directors (BoD) held on September 6 made such a decision. The details of AGM of 2012/13 will be made public by publishing the notice, the communiqué added.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Siddhartha Development’s ‘SDBL Auto Loan’</strong></span></div>
<div>
Siddhartha Development Bank Ltd started the ‘SDBL Auto Loan’ scheme on the occasion of Dashain. According to the scheme, it will extend loans on 11.99 per cent per annum interest rate to purchase new and reconditioned vehicles with 60 per cent discount on service charge. Likewise, other features of the scheme include loans of up to 80 per cent of the vehicle cost, seven years of moratorium period and unchangeable interest rate for a year, among others.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Garima’s 25 pc dividend</strong></span></div>
<div>
Garima Development Bank Ltd has said that it will propose a 25 per cent dividend distribution at its Annual General Meeting (AGM). According to the bank, it is going to propose 20 per cent bonus shares and 5 per cent cash dividend. The bank has collected a total amount of Rs 3 billion deposit and floated Rs 2.43 billion as a loan until the end of Fiscal Year 2012-13. Chief Executive Officer Govinda Prashad Dhakal informed that the bank earned an operating profit worth Rs 96.1 million in the FY2012-13. He further said that the bank is planning to issue rights shares next month. The bank has claimed that its issued and paid-up capital will reach 374 million after issuing rights share and distributing the dividends.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Kaski Finance to distribute 13 pc cash dividend</strong></span></div>
<div>
Pokhara based Kaski Finance has said that it will distribute 13 per cent cash dividend to its shareholders. The dividend will be distributed after the approval from the Annual General Assembly of the Finance and the decision of the 98th meeting of the Board of Directors. Chief Executive Officer (CEO) Toya Raj Adhikari said that the cash dividend is being distributed from the Finance’s profit of the Fiscal Year 2012-13.</div>',
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<strong><span style="font-size:14px;">NRB refutes deadline extension reports</span></strong></div>
<div>
Nepal Rastra Bank (NRB) clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs). NRB has ruled out extension of the deadline after there was news reporting that it had extended the deadline to meet the minimum required capital. “We have provisioned that the proposed bonus share distribution on Fiscal Year 2013-14 if approved by the NRB could be counted on the paid-up capital,” NRB spokesperson Bhaskarmani Gyawali said. Through the monetary policy, the NRB had directed those bank and financial institutions, who are yet to meet the minimum paid-up capital, to do so by the end of FY 2013-14. </div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Tinau’s dividend approved</strong></span></div>
<div>
Tinau Development Bank Ltd, headquartered at Butwal, got an approval from Nepal Rastra Bank to distribute a 12.69 per cent dividend. The bank is going to distribute the bonus from the profit of Fiscal Year 2012-13. The bank has collected Rs 1.53 billion deposit and extended a total of Rs 1.12 billion during the review period. It has earned a Rs 23.3 million profit and has issued capital of Rs 200 million and paid up capital of 115 million with eight branches in operation.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Everest Announces Book Closure Date</strong></span></div>
<div>
Everest Bank announced the book closure for share trading from September 18 to October 10 for the upcoming Annual General Meeting (AGM) of the bank. Releasing a communiqué last Wednesday, the bank stated that the 237th meeting of the Board of Directors (BoD) held on September 6 made such a decision. The details of AGM of 2012/13 will be made public by publishing the notice, the communiqué added.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Siddhartha Development’s ‘SDBL Auto Loan’</strong></span></div>
<div>
Siddhartha Development Bank Ltd started the ‘SDBL Auto Loan’ scheme on the occasion of Dashain. According to the scheme, it will extend loans on 11.99 per cent per annum interest rate to purchase new and reconditioned vehicles with 60 per cent discount on service charge. Likewise, other features of the scheme include loans of up to 80 per cent of the vehicle cost, seven years of moratorium period and unchangeable interest rate for a year, among others.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Garima’s 25 pc dividend</strong></span></div>
<div>
Garima Development Bank Ltd has said that it will propose a 25 per cent dividend distribution at its Annual General Meeting (AGM). According to the bank, it is going to propose 20 per cent bonus shares and 5 per cent cash dividend. The bank has collected a total amount of Rs 3 billion deposit and floated Rs 2.43 billion as a loan until the end of Fiscal Year 2012-13. Chief Executive Officer Govinda Prashad Dhakal informed that the bank earned an operating profit worth Rs 96.1 million in the FY2012-13. He further said that the bank is planning to issue rights shares next month. The bank has claimed that its issued and paid-up capital will reach 374 million after issuing rights share and distributing the dividends.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Kaski Finance to distribute 13 pc cash dividend</strong></span></div>
<div>
Pokhara based Kaski Finance has said that it will distribute 13 per cent cash dividend to its shareholders. The dividend will be distributed after the approval from the Annual General Assembly of the Finance and the decision of the 98th meeting of the Board of Directors. Chief Executive Officer (CEO) Toya Raj Adhikari said that the cash dividend is being distributed from the Finance’s profit of the Fiscal Year 2012-13.</div>',
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<strong><span style="font-size:14px;">NRB refutes deadline extension reports</span></strong></div>
<div>
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<div>
<span style="font-size:14px;"><strong>Tinau’s dividend approved</strong></span></div>
<div>
Tinau Development Bank Ltd, headquartered at Butwal, got an approval from Nepal Rastra Bank to distribute a 12.69 per cent dividend. The bank is going to distribute the bonus from the profit of Fiscal Year 2012-13. The bank has collected Rs 1.53 billion deposit and extended a total of Rs 1.12 billion during the review period. It has earned a Rs 23.3 million profit and has issued capital of Rs 200 million and paid up capital of 115 million with eight branches in operation.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Everest Announces Book Closure Date</strong></span></div>
<div>
Everest Bank announced the book closure for share trading from September 18 to October 10 for the upcoming Annual General Meeting (AGM) of the bank. Releasing a communiqué last Wednesday, the bank stated that the 237th meeting of the Board of Directors (BoD) held on September 6 made such a decision. The details of AGM of 2012/13 will be made public by publishing the notice, the communiqué added.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Siddhartha Development’s ‘SDBL Auto Loan’</strong></span></div>
<div>
Siddhartha Development Bank Ltd started the ‘SDBL Auto Loan’ scheme on the occasion of Dashain. According to the scheme, it will extend loans on 11.99 per cent per annum interest rate to purchase new and reconditioned vehicles with 60 per cent discount on service charge. Likewise, other features of the scheme include loans of up to 80 per cent of the vehicle cost, seven years of moratorium period and unchangeable interest rate for a year, among others.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Garima’s 25 pc dividend</strong></span></div>
<div>
Garima Development Bank Ltd has said that it will propose a 25 per cent dividend distribution at its Annual General Meeting (AGM). According to the bank, it is going to propose 20 per cent bonus shares and 5 per cent cash dividend. The bank has collected a total amount of Rs 3 billion deposit and floated Rs 2.43 billion as a loan until the end of Fiscal Year 2012-13. Chief Executive Officer Govinda Prashad Dhakal informed that the bank earned an operating profit worth Rs 96.1 million in the FY2012-13. He further said that the bank is planning to issue rights shares next month. The bank has claimed that its issued and paid-up capital will reach 374 million after issuing rights share and distributing the dividends.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Kaski Finance to distribute 13 pc cash dividend</strong></span></div>
<div>
Pokhara based Kaski Finance has said that it will distribute 13 per cent cash dividend to its shareholders. The dividend will be distributed after the approval from the Annual General Assembly of the Finance and the decision of the 98th meeting of the Board of Directors. Chief Executive Officer (CEO) Toya Raj Adhikari said that the cash dividend is being distributed from the Finance’s profit of the Fiscal Year 2012-13.</div>',
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<strong><span style="font-size:14px;">NRB refutes deadline extension reports</span></strong></div>
<div>
Nepal Rastra Bank (NRB) clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs). NRB has ruled out extension of the deadline after there was news reporting that it had extended the deadline to meet the minimum required capital. “We have provisioned that the proposed bonus share distribution on Fiscal Year 2013-14 if approved by the NRB could be counted on the paid-up capital,” NRB spokesperson Bhaskarmani Gyawali said. Through the monetary policy, the NRB had directed those bank and financial institutions, who are yet to meet the minimum paid-up capital, to do so by the end of FY 2013-14. </div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Tinau’s dividend approved</strong></span></div>
<div>
Tinau Development Bank Ltd, headquartered at Butwal, got an approval from Nepal Rastra Bank to distribute a 12.69 per cent dividend. The bank is going to distribute the bonus from the profit of Fiscal Year 2012-13. The bank has collected Rs 1.53 billion deposit and extended a total of Rs 1.12 billion during the review period. It has earned a Rs 23.3 million profit and has issued capital of Rs 200 million and paid up capital of 115 million with eight branches in operation.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Everest Announces Book Closure Date</strong></span></div>
<div>
Everest Bank announced the book closure for share trading from September 18 to October 10 for the upcoming Annual General Meeting (AGM) of the bank. Releasing a communiqué last Wednesday, the bank stated that the 237th meeting of the Board of Directors (BoD) held on September 6 made such a decision. The details of AGM of 2012/13 will be made public by publishing the notice, the communiqué added.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Siddhartha Development’s ‘SDBL Auto Loan’</strong></span></div>
<div>
Siddhartha Development Bank Ltd started the ‘SDBL Auto Loan’ scheme on the occasion of Dashain. According to the scheme, it will extend loans on 11.99 per cent per annum interest rate to purchase new and reconditioned vehicles with 60 per cent discount on service charge. Likewise, other features of the scheme include loans of up to 80 per cent of the vehicle cost, seven years of moratorium period and unchangeable interest rate for a year, among others.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Garima’s 25 pc dividend</strong></span></div>
<div>
Garima Development Bank Ltd has said that it will propose a 25 per cent dividend distribution at its Annual General Meeting (AGM). According to the bank, it is going to propose 20 per cent bonus shares and 5 per cent cash dividend. The bank has collected a total amount of Rs 3 billion deposit and floated Rs 2.43 billion as a loan until the end of Fiscal Year 2012-13. Chief Executive Officer Govinda Prashad Dhakal informed that the bank earned an operating profit worth Rs 96.1 million in the FY2012-13. He further said that the bank is planning to issue rights shares next month. The bank has claimed that its issued and paid-up capital will reach 374 million after issuing rights share and distributing the dividends.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Kaski Finance to distribute 13 pc cash dividend</strong></span></div>
<div>
Pokhara based Kaski Finance has said that it will distribute 13 per cent cash dividend to its shareholders. The dividend will be distributed after the approval from the Annual General Assembly of the Finance and the decision of the 98th meeting of the Board of Directors. Chief Executive Officer (CEO) Toya Raj Adhikari said that the cash dividend is being distributed from the Finance’s profit of the Fiscal Year 2012-13.</div>',
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<strong><span style="font-size:14px;">NRB refutes deadline extension reports</span></strong></div>
<div>
Nepal Rastra Bank (NRB) clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs). NRB has ruled out extension of the deadline after there was news reporting that it had extended the deadline to meet the minimum required capital. “We have provisioned that the proposed bonus share distribution on Fiscal Year 2013-14 if approved by the NRB could be counted on the paid-up capital,” NRB spokesperson Bhaskarmani Gyawali said. Through the monetary policy, the NRB had directed those bank and financial institutions, who are yet to meet the minimum paid-up capital, to do so by the end of FY 2013-14. </div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Tinau’s dividend approved</strong></span></div>
<div>
Tinau Development Bank Ltd, headquartered at Butwal, got an approval from Nepal Rastra Bank to distribute a 12.69 per cent dividend. The bank is going to distribute the bonus from the profit of Fiscal Year 2012-13. The bank has collected Rs 1.53 billion deposit and extended a total of Rs 1.12 billion during the review period. It has earned a Rs 23.3 million profit and has issued capital of Rs 200 million and paid up capital of 115 million with eight branches in operation.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Everest Announces Book Closure Date</strong></span></div>
<div>
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<div>
</div>
<div>
<span style="font-size:14px;"><strong>Siddhartha Development’s ‘SDBL Auto Loan’</strong></span></div>
<div>
Siddhartha Development Bank Ltd started the ‘SDBL Auto Loan’ scheme on the occasion of Dashain. According to the scheme, it will extend loans on 11.99 per cent per annum interest rate to purchase new and reconditioned vehicles with 60 per cent discount on service charge. Likewise, other features of the scheme include loans of up to 80 per cent of the vehicle cost, seven years of moratorium period and unchangeable interest rate for a year, among others.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Garima’s 25 pc dividend</strong></span></div>
<div>
Garima Development Bank Ltd has said that it will propose a 25 per cent dividend distribution at its Annual General Meeting (AGM). According to the bank, it is going to propose 20 per cent bonus shares and 5 per cent cash dividend. The bank has collected a total amount of Rs 3 billion deposit and floated Rs 2.43 billion as a loan until the end of Fiscal Year 2012-13. Chief Executive Officer Govinda Prashad Dhakal informed that the bank earned an operating profit worth Rs 96.1 million in the FY2012-13. He further said that the bank is planning to issue rights shares next month. The bank has claimed that its issued and paid-up capital will reach 374 million after issuing rights share and distributing the dividends.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Kaski Finance to distribute 13 pc cash dividend</strong></span></div>
<div>
Pokhara based Kaski Finance has said that it will distribute 13 per cent cash dividend to its shareholders. The dividend will be distributed after the approval from the Annual General Assembly of the Finance and the decision of the 98th meeting of the Board of Directors. Chief Executive Officer (CEO) Toya Raj Adhikari said that the cash dividend is being distributed from the Finance’s profit of the Fiscal Year 2012-13.</div>',
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<strong><span style="font-size:14px;">NRB refutes deadline extension reports</span></strong></div>
<div>
Nepal Rastra Bank (NRB) clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs). NRB has ruled out extension of the deadline after there was news reporting that it had extended the deadline to meet the minimum required capital. “We have provisioned that the proposed bonus share distribution on Fiscal Year 2013-14 if approved by the NRB could be counted on the paid-up capital,” NRB spokesperson Bhaskarmani Gyawali said. Through the monetary policy, the NRB had directed those bank and financial institutions, who are yet to meet the minimum paid-up capital, to do so by the end of FY 2013-14. </div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Tinau’s dividend approved</strong></span></div>
<div>
Tinau Development Bank Ltd, headquartered at Butwal, got an approval from Nepal Rastra Bank to distribute a 12.69 per cent dividend. The bank is going to distribute the bonus from the profit of Fiscal Year 2012-13. The bank has collected Rs 1.53 billion deposit and extended a total of Rs 1.12 billion during the review period. It has earned a Rs 23.3 million profit and has issued capital of Rs 200 million and paid up capital of 115 million with eight branches in operation.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Everest Announces Book Closure Date</strong></span></div>
<div>
Everest Bank announced the book closure for share trading from September 18 to October 10 for the upcoming Annual General Meeting (AGM) of the bank. Releasing a communiqué last Wednesday, the bank stated that the 237th meeting of the Board of Directors (BoD) held on September 6 made such a decision. The details of AGM of 2012/13 will be made public by publishing the notice, the communiqué added.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Siddhartha Development’s ‘SDBL Auto Loan’</strong></span></div>
<div>
Siddhartha Development Bank Ltd started the ‘SDBL Auto Loan’ scheme on the occasion of Dashain. According to the scheme, it will extend loans on 11.99 per cent per annum interest rate to purchase new and reconditioned vehicles with 60 per cent discount on service charge. Likewise, other features of the scheme include loans of up to 80 per cent of the vehicle cost, seven years of moratorium period and unchangeable interest rate for a year, among others.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Garima’s 25 pc dividend</strong></span></div>
<div>
Garima Development Bank Ltd has said that it will propose a 25 per cent dividend distribution at its Annual General Meeting (AGM). According to the bank, it is going to propose 20 per cent bonus shares and 5 per cent cash dividend. The bank has collected a total amount of Rs 3 billion deposit and floated Rs 2.43 billion as a loan until the end of Fiscal Year 2012-13. Chief Executive Officer Govinda Prashad Dhakal informed that the bank earned an operating profit worth Rs 96.1 million in the FY2012-13. He further said that the bank is planning to issue rights shares next month. The bank has claimed that its issued and paid-up capital will reach 374 million after issuing rights share and distributing the dividends.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Kaski Finance to distribute 13 pc cash dividend</strong></span></div>
<div>
Pokhara based Kaski Finance has said that it will distribute 13 per cent cash dividend to its shareholders. The dividend will be distributed after the approval from the Annual General Assembly of the Finance and the decision of the 98th meeting of the Board of Directors. Chief Executive Officer (CEO) Toya Raj Adhikari said that the cash dividend is being distributed from the Finance’s profit of the Fiscal Year 2012-13.</div>',
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<strong><span style="font-size:14px;">NRB refutes deadline extension reports</span></strong></div>
<div>
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<div>
</div>
<div>
<span style="font-size:14px;"><strong>Tinau’s dividend approved</strong></span></div>
<div>
Tinau Development Bank Ltd, headquartered at Butwal, got an approval from Nepal Rastra Bank to distribute a 12.69 per cent dividend. The bank is going to distribute the bonus from the profit of Fiscal Year 2012-13. The bank has collected Rs 1.53 billion deposit and extended a total of Rs 1.12 billion during the review period. It has earned a Rs 23.3 million profit and has issued capital of Rs 200 million and paid up capital of 115 million with eight branches in operation.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Everest Announces Book Closure Date</strong></span></div>
<div>
Everest Bank announced the book closure for share trading from September 18 to October 10 for the upcoming Annual General Meeting (AGM) of the bank. Releasing a communiqué last Wednesday, the bank stated that the 237th meeting of the Board of Directors (BoD) held on September 6 made such a decision. The details of AGM of 2012/13 will be made public by publishing the notice, the communiqué added.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Siddhartha Development’s ‘SDBL Auto Loan’</strong></span></div>
<div>
Siddhartha Development Bank Ltd started the ‘SDBL Auto Loan’ scheme on the occasion of Dashain. According to the scheme, it will extend loans on 11.99 per cent per annum interest rate to purchase new and reconditioned vehicles with 60 per cent discount on service charge. Likewise, other features of the scheme include loans of up to 80 per cent of the vehicle cost, seven years of moratorium period and unchangeable interest rate for a year, among others.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Garima’s 25 pc dividend</strong></span></div>
<div>
Garima Development Bank Ltd has said that it will propose a 25 per cent dividend distribution at its Annual General Meeting (AGM). According to the bank, it is going to propose 20 per cent bonus shares and 5 per cent cash dividend. The bank has collected a total amount of Rs 3 billion deposit and floated Rs 2.43 billion as a loan until the end of Fiscal Year 2012-13. Chief Executive Officer Govinda Prashad Dhakal informed that the bank earned an operating profit worth Rs 96.1 million in the FY2012-13. He further said that the bank is planning to issue rights shares next month. The bank has claimed that its issued and paid-up capital will reach 374 million after issuing rights share and distributing the dividends.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Kaski Finance to distribute 13 pc cash dividend</strong></span></div>
<div>
Pokhara based Kaski Finance has said that it will distribute 13 per cent cash dividend to its shareholders. The dividend will be distributed after the approval from the Annual General Assembly of the Finance and the decision of the 98th meeting of the Board of Directors. Chief Executive Officer (CEO) Toya Raj Adhikari said that the cash dividend is being distributed from the Finance’s profit of the Fiscal Year 2012-13.</div>',
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<strong><span style="font-size:14px;">NRB refutes deadline extension reports</span></strong></div>
<div>
Nepal Rastra Bank (NRB) clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs). NRB has ruled out extension of the deadline after there was news reporting that it had extended the deadline to meet the minimum required capital. “We have provisioned that the proposed bonus share distribution on Fiscal Year 2013-14 if approved by the NRB could be counted on the paid-up capital,” NRB spokesperson Bhaskarmani Gyawali said. Through the monetary policy, the NRB had directed those bank and financial institutions, who are yet to meet the minimum paid-up capital, to do so by the end of FY 2013-14. </div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Tinau’s dividend approved</strong></span></div>
<div>
Tinau Development Bank Ltd, headquartered at Butwal, got an approval from Nepal Rastra Bank to distribute a 12.69 per cent dividend. The bank is going to distribute the bonus from the profit of Fiscal Year 2012-13. The bank has collected Rs 1.53 billion deposit and extended a total of Rs 1.12 billion during the review period. It has earned a Rs 23.3 million profit and has issued capital of Rs 200 million and paid up capital of 115 million with eight branches in operation.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Everest Announces Book Closure Date</strong></span></div>
<div>
Everest Bank announced the book closure for share trading from September 18 to October 10 for the upcoming Annual General Meeting (AGM) of the bank. Releasing a communiqué last Wednesday, the bank stated that the 237th meeting of the Board of Directors (BoD) held on September 6 made such a decision. The details of AGM of 2012/13 will be made public by publishing the notice, the communiqué added.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Siddhartha Development’s ‘SDBL Auto Loan’</strong></span></div>
<div>
Siddhartha Development Bank Ltd started the ‘SDBL Auto Loan’ scheme on the occasion of Dashain. According to the scheme, it will extend loans on 11.99 per cent per annum interest rate to purchase new and reconditioned vehicles with 60 per cent discount on service charge. Likewise, other features of the scheme include loans of up to 80 per cent of the vehicle cost, seven years of moratorium period and unchangeable interest rate for a year, among others.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Garima’s 25 pc dividend</strong></span></div>
<div>
Garima Development Bank Ltd has said that it will propose a 25 per cent dividend distribution at its Annual General Meeting (AGM). According to the bank, it is going to propose 20 per cent bonus shares and 5 per cent cash dividend. The bank has collected a total amount of Rs 3 billion deposit and floated Rs 2.43 billion as a loan until the end of Fiscal Year 2012-13. Chief Executive Officer Govinda Prashad Dhakal informed that the bank earned an operating profit worth Rs 96.1 million in the FY2012-13. He further said that the bank is planning to issue rights shares next month. The bank has claimed that its issued and paid-up capital will reach 374 million after issuing rights share and distributing the dividends.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Kaski Finance to distribute 13 pc cash dividend</strong></span></div>
<div>
Pokhara based Kaski Finance has said that it will distribute 13 per cent cash dividend to its shareholders. The dividend will be distributed after the approval from the Annual General Assembly of the Finance and the decision of the 98th meeting of the Board of Directors. Chief Executive Officer (CEO) Toya Raj Adhikari said that the cash dividend is being distributed from the Finance’s profit of the Fiscal Year 2012-13.</div>',
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