First Business News Portal in English from Nepal
KATHMANDU: The Nepal Rastra Bank (NRB) has removed the ceiling on the cash dividends that the banks and financial institutions (BFIs) can provide to their shareholders.
As of now, the BFIs are allowed to provide a cash dividend of only 30 percent of the net distributable profits to their shareholders. Similarly, banks were allowed to provide a cash dividend only for the tax purpose, if they earned a net distributable profit which was less than five percent of their paid-up capital.
However, the central bank has said that all these restrictions have been lifted as of now.
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