Gandaki Approves Bonus Share

December 27: Gandaki Bikash Bank, headquartered at Pokhara is distributing 20.60 per cent bonus share. The 13^th annual general meeting of the bank held on December 26 at Pokhara endorsed the proposal of distributing the bonus share to its shareholders.

Moreover, the AGM also endorsed the proposal of increasing its issue and paid-up capital along with the proposal of amending its article of association and statute. "The meeting approved the special proposal of maintaining its promoter:general shareholders ratio to 51:49 from 70:30," informed Chabindra Nath Sharma, CEO of the bank.

Presently, Gandaki Bikash Bank is in last phase of merger process with Fewa Bikash Bank which is also headquartered in Pokhara.