Om Development to provide 29.20% Bonus Share

December 25: Om Development Bank is providing 29.20 per cent bonus share to its shareholders from the distributable income of FY 2072/73. The 10^th annual general meeting of the bank held on December 23 endorsed the proposal of bonus share.

According to the bank, it earned Rs 296.5 million net profit by mobilising  Rs 11.85 billion deposit collection and loan extension of Rs 9.93 billion.

The AGM also unanimously elected eight board members; four each from promoters and general shareholders. Among the elected board members, Sushil Kumar Goshali, Yogendra Lal Pradhan, Rajendra Kumar Bataju and Nikesh Dwa were elected from promoter shareholders. Similarly, Srikrishna Regmi, Karma Kumari Gurung, Niranjan Shrestha and Rabindra Bastola were elected from general shareholders. The board of directors meeting held after the election selected Sushil Kumar Goshali as its Chairman.