Excel Development Bank Will Not Distribute Dividends to Shareholders This Year

Excel Development Bank has decided not to distribute dividends to its shareholders for the past fiscal year. In a board meeting held on Thursday, the bank decided to approve its financial statements for the fiscal year 2079/80 without proposing any dividend distribution. This decision means that shareholders will not receive any dividends this year.

The board has decided to submit the financial statements for approval to the Nepal Rastra Bank. As a result, shareholders of the bank will not receive any portion of the bank's profits this year.

This decision impacts the shareholders who were expecting a return on their investments. The bank has not disclosed any plans regarding dividend distribution for the upcoming fiscal year.