Kathmandu, August 28- The board of directors of Mahalaxmi Bikash Bank has proposed 15% dividend (8% stock and 7% cash) from the earning of last fiscal year.

At present, paid up capital of Mahalaxmi Bikash Bank is Rs.2,633,700,000.00 and it is above than the minimum paid up capital requirement for national level development bank. The paid up capital position shall be more than 2 aran 64 crore after the adjustment of bonus stock.

The proposed dividend proposal of the board of directors shall be implemented after the receiving approval of Nepal Rastra Bank and after its approval from the AGM of the bank.

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HIDCL, Power China to build 762MW Tamor reservoir project

Kathmandu, September 16- The Hydroelectricity Investment and Development Company Ltd (HIDCL) and state-owned Power China Corporation have jointly submitted a project development proposal at the Investment Board Nepal (IBN) to build the 762-megawatt Tamor reservoir project, which will cover Panchthar, Taplejung, Terhathum and Sankhuwasabha districts.

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Security audit of BFIs compulsory

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Age limit set for CEOs, directors at BFIs

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