February 19: Garima Bikash Bank is distributing 20 per cent bonus share to its shareholders. Moreover, the bank is set to float 10:7 right shares of the paid-up capital maintained after distribution of bonus share. The annual general meeting of the bank held on February 17 in Pokhara approved a proposal regarding so.

The AGM elected Dilip Pratap Khaan, Dr Ananda Prasad Shrestha, Chandra Kant Baral and Shyam Prasad Bastyal as the board members from promoter shareholders. Similarly, Hari Krishna Shrestha, Keshav Raj Dhakal and BImal Pandey have been elected to BOD from general shareholders. "The BOD meeting held after the AGM elected Dilip Pratap Khaan as the chairman of the BOD," said Gobinda Prasad Dhakal, CEO of the bank.