We use Google Cloud Translation Services. Google requires we provide the following disclaimer relating to use of this service:
This service may contain translations powered by Google. Google disclaims all warranties related to the translations, expressed or implied, including any warranties of accuracy, reliability, and any implied warranties of merchantability, fitness for a particular purpose, and noninfringement.
Mahalakshmi Bikas Bank will distribute 4 percent cash dividend to its shareholders.
The 23rd annual general meeting of the bank on Monday passed a resolution to distribute 4 percent cash dividend and 3 percent bonus shares of the currently maintained paid-up capital from the distributable profit amount of the financial year 2080/81. According to the bank, the meeting held under the chairmanship of Rajesh Upadhyay, chairman of the bank's board of directors, passed the balance sheet up to the end of June 2081 and the profit and loss account for the year 2080/81. In 2079/80, the net profit of the bank was 37.75 crore rupees, increasing the profit by 33 percent, and in 2080/81, the net profit reached 50.03 crore rupees.
