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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Issuing the Unified Directives on Monday, the central bank has made arrangements for microfinance companies to issue dividends up to 30 percent of the paid-up capital</span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The microfinance companies were permitted to distribute cash dividends not exceeding the weighted interest rates on their deposits.</span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Issuing the Unified Directives on Monday, the central bank has made arrangements for microfinance companies to issue dividends up to 30 percent of the paid-up capital</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the microfinance companies are to distribute dividends of more than 20 percent, the NRB has instructed those companies to maintain at least 50 percent of the dividend amount in their reserve funds.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The dividend could be both cash or bonus shares.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Two years ago, the central bank had issued a directive allowing microfinance companies to distribute cash dividends of only up to 30 percent of their net distributable profits citing Covid-19 crisis.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The microfinance companies were permitted to distribute cash dividends not exceeding the weighted interest rates on their deposits.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">As per the same directive, microfinance companies were not allowed to issue cash dividends if the net distributable profit is less than 5 percent of the paid-up capital.</span></span></p>
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Issuing the Unified Directives on Monday, the central bank has made arrangements for microfinance companies to issue dividends up to 30 percent of the paid-up capital</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the microfinance companies are to distribute dividends of more than 20 percent, the NRB has instructed those companies to maintain at least 50 percent of the dividend amount in their reserve funds.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The dividend could be both cash or bonus shares.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Two years ago, the central bank had issued a directive allowing microfinance companies to distribute cash dividends of only up to 30 percent of their net distributable profits citing Covid-19 crisis.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The microfinance companies were permitted to distribute cash dividends not exceeding the weighted interest rates on their deposits.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">As per the same directive, microfinance companies were not allowed to issue cash dividends if the net distributable profit is less than 5 percent of the paid-up capital.</span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Issuing the Unified Directives on Monday, the central bank has made arrangements for microfinance companies to issue dividends up to 30 percent of the paid-up capital</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the microfinance companies are to distribute dividends of more than 20 percent, the NRB has instructed those companies to maintain at least 50 percent of the dividend amount in their reserve funds.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The dividend could be both cash or bonus shares.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Two years ago, the central bank had issued a directive allowing microfinance companies to distribute cash dividends of only up to 30 percent of their net distributable profits citing Covid-19 crisis.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The microfinance companies were permitted to distribute cash dividends not exceeding the weighted interest rates on their deposits.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">As per the same directive, microfinance companies were not allowed to issue cash dividends if the net distributable profit is less than 5 percent of the paid-up capital.</span></span></p>
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Issuing the Unified Directives on Monday, the central bank has made arrangements for microfinance companies to issue dividends up to 30 percent of the paid-up capital</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the microfinance companies are to distribute dividends of more than 20 percent, the NRB has instructed those companies to maintain at least 50 percent of the dividend amount in their reserve funds.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The dividend could be both cash or bonus shares.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Two years ago, the central bank had issued a directive allowing microfinance companies to distribute cash dividends of only up to 30 percent of their net distributable profits citing Covid-19 crisis.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The microfinance companies were permitted to distribute cash dividends not exceeding the weighted interest rates on their deposits.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">As per the same directive, microfinance companies were not allowed to issue cash dividends if the net distributable profit is less than 5 percent of the paid-up capital.</span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the microfinance companies are to distribute dividends of more than 20 percent, the NRB has instructed those companies to maintain at least 50 percent of the dividend amount in their reserve funds.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The dividend could be both cash or bonus shares.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Two years ago, the central bank had issued a directive allowing microfinance companies to distribute cash dividends of only up to 30 percent of their net distributable profits citing Covid-19 crisis.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The microfinance companies were permitted to distribute cash dividends not exceeding the weighted interest rates on their deposits.</span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Two years ago, the central bank had issued a directive allowing microfinance companies to distribute cash dividends of only up to 30 percent of their net distributable profits citing Covid-19 crisis.</span></span></p>
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November 29: Nepal Rastra Bank (NRB) has reduced the limit on issuing dividends by microfinance companies.
Issuing the Unified Directives on Monday, the central bank has made arrangements for microfinance companies to issue dividends up to 30 percent of the paid-up capital
If the microfinance companies are to distribute dividends of more than 20 percent, the NRB has instructed those companies to maintain at least 50 percent of the dividend amount in their reserve funds.
The dividend could be both cash or bonus shares.
Two years ago, the central bank had issued a directive allowing microfinance companies to distribute cash dividends of only up to 30 percent of their net distributable profits citing Covid-19 crisis.
The microfinance companies were permitted to distribute cash dividends not exceeding the weighted interest rates on their deposits.
As per the same directive, microfinance companies were not allowed to issue cash dividends if the net distributable profit is less than 5 percent of the paid-up capital.
The central bank took such measures after the microfinance companies, whose primary objective is to serve the poor and marginalized people, were criticized for making excessive profit.
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the microfinance companies are to distribute dividends of more than 20 percent, the NRB has instructed those companies to maintain at least 50 percent of the dividend amount in their reserve funds.</span></span></p>
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Issuing the Unified Directives on Monday, the central bank has made arrangements for microfinance companies to issue dividends up to 30 percent of the paid-up capital</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the microfinance companies are to distribute dividends of more than 20 percent, the NRB has instructed those companies to maintain at least 50 percent of the dividend amount in their reserve funds.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The dividend could be both cash or bonus shares.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Two years ago, the central bank had issued a directive allowing microfinance companies to distribute cash dividends of only up to 30 percent of their net distributable profits citing Covid-19 crisis.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The microfinance companies were permitted to distribute cash dividends not exceeding the weighted interest rates on their deposits.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">As per the same directive, microfinance companies were not allowed to issue cash dividends if the net distributable profit is less than 5 percent of the paid-up capital.</span></span></p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::render() - CORE/Cake/View/View.php, line 473
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Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
file not found!
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Issuing the Unified Directives on Monday, the central bank has made arrangements for microfinance companies to issue dividends up to 30 percent of the paid-up capital</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the microfinance companies are to distribute dividends of more than 20 percent, the NRB has instructed those companies to maintain at least 50 percent of the dividend amount in their reserve funds.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The dividend could be both cash or bonus shares.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Two years ago, the central bank had issued a directive allowing microfinance companies to distribute cash dividends of only up to 30 percent of their net distributable profits citing Covid-19 crisis.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The microfinance companies were permitted to distribute cash dividends not exceeding the weighted interest rates on their deposits.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">As per the same directive, microfinance companies were not allowed to issue cash dividends if the net distributable profit is less than 5 percent of the paid-up capital.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The central bank took such measures after the microfinance companies, whose primary objective is to serve the poor and marginalized people, were criticized for making excessive profit.</span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Issuing the Unified Directives on Monday, the central bank has made arrangements for microfinance companies to issue dividends up to 30 percent of the paid-up capital</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the microfinance companies are to distribute dividends of more than 20 percent, the NRB has instructed those companies to maintain at least 50 percent of the dividend amount in their reserve funds.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The dividend could be both cash or bonus shares.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Two years ago, the central bank had issued a directive allowing microfinance companies to distribute cash dividends of only up to 30 percent of their net distributable profits citing Covid-19 crisis.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The microfinance companies were permitted to distribute cash dividends not exceeding the weighted interest rates on their deposits.</span></span></p>
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the microfinance companies are to distribute dividends of more than 20 percent, the NRB has instructed those companies to maintain at least 50 percent of the dividend amount in their reserve funds.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The dividend could be both cash or bonus shares.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Two years ago, the central bank had issued a directive allowing microfinance companies to distribute cash dividends of only up to 30 percent of their net distributable profits citing Covid-19 crisis.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The microfinance companies were permitted to distribute cash dividends not exceeding the weighted interest rates on their deposits.</span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Issuing the Unified Directives on Monday, the central bank has made arrangements for microfinance companies to issue dividends up to 30 percent of the paid-up capital</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the microfinance companies are to distribute dividends of more than 20 percent, the NRB has instructed those companies to maintain at least 50 percent of the dividend amount in their reserve funds.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The dividend could be both cash or bonus shares.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Two years ago, the central bank had issued a directive allowing microfinance companies to distribute cash dividends of only up to 30 percent of their net distributable profits citing Covid-19 crisis.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The microfinance companies were permitted to distribute cash dividends not exceeding the weighted interest rates on their deposits.</span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">As per the same directive, microfinance companies were not allowed to issue cash dividends if the net distributable profit is less than 5 percent of the paid-up capital.</span></span></p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
