The first Annual General Meeting of NIC Asia Bank Limited following the
merger of NIC Bank and the Bank of Asia has concluded in Biratnagar
endorsing 20 percent cash dividend to the commercial bank’s shareholders
from the net profit it posted in the last fiscal year 2069/70.
Addressing the AGM, the bank management informed that cash dividend will be distributed from March 4.
Observed as the 16th Annual General Meeting, the annual event also elected Jagadish Prasad Agrawal, Trilok Chandra Agrawal, Tulsi Ram Agrawal, Lokmanya Golchha and Ram Chandra Sanghai as the directors from among the promoters and Rajendra Prasad Aryal, Birendra Kumar Sanghai and Binod Kumar Pyakurel as the public directors.
During the AGM, the management of the merged bank, which had posted a net profit of Rs 64.20 crore in the last fiscal year, has informed that 14 more branches and many more ATM counters will be added in the current fiscal year to expand the service of the bank.
Source, Sharesansar, 2nd March 2014
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Addressing the AGM, the bank management informed that cash dividend will be distributed from March 4.
Observed as the 16th Annual General Meeting, the annual event also elected Jagadish Prasad Agrawal, Trilok Chandra Agrawal, Tulsi Ram Agrawal, Lokmanya Golchha and Ram Chandra Sanghai as the directors from among the promoters and Rajendra Prasad Aryal, Birendra Kumar Sanghai and Binod Kumar Pyakurel as the public directors.
During the AGM, the management of the merged bank, which had posted a net profit of Rs 64.20 crore in the last fiscal year, has informed that 14 more branches and many more ATM counters will be added in the current fiscal year to expand the service of the bank.
Source, Sharesansar, 2nd March 2014
You may also like:
Century Commercial Bank IPO allotment from March 3rd
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