Reliable Devt Bank to Distribute 10% Bonus Share

July 5: The 10^th annual general meeting (AGM) of Reliable Development Bank has endorsed the proposal of distributing 10 percent bonus share to its shareholders. The AGM held under chairmanship of bank director Radheshyam Agrawal has endorsed the proposal of issuing 1:1 right shares after bonus share distribution.

The meeting informed that the bank will soon start branch in Dumre of Tanahun within Mid-July. The bank is also preparing to launch Reliable Capital as its subsidiary company. Presently, the bank has deposit collection of Rs 8.12 billion and loan of Rs 6.58 billion.