January 12: Rural Microfinance Development Centre (RMDC) is providing bonus share and cash dividend to its shareholders. The 18th annual general meeting of the company held on January 11 endorsed a proposal of distributing 10 per cent bonus share and 10 per cent cash dividend to its shareholders. In the AGM, Gorakh Rana, Chairman of the company presented the annual report, balance sheet, profit and loss account and cash flow of the FY 2072/73. During the review period, the company earned Rs 266.7million operating profit. The company with the paid-up capital of Rs 690.2 million extended Rs 17.26 billion loans.
By Madan Lamsal