Mahalaxmi Bank to Distribute 7.90% Bonus Share

May 7: The 17^th annual general meeting of Mahalaxmi Bikas Bank has approved a proposal of distributing 7.90 percent bonus share to its shareholders.

Similarly, the meeting also endorsed an annual report and financial report of FY 2072/73.  Moreover, the AGM approved a merger proposal with Yeti Development Bank.

Furthermore, the AGM elected Sanjay Giri, Rajesh Kumar Rauniyar, Madhav Lal Shrestha and Prem Kumar Ullak as directors from promoter shareholders’ group. It also elected Dabal Bahadur Shah, Birendra Kumar Shanghai and Shyam Sundar Rungata as directors from general shareholders’ group. The meeting held after the AGM elected Rajesh Kumar Rauniyar as Chairman of the BOD.