Rupali Bank declares 'no dividend' in AGM

The board of directors and shareholders of Rupali Bank Ltd have approved 'no dividend' for the year ended on December 31, 2019, in its 34th annual general meeting (AGM) held on Thursday (September 3).

The board of directors of the bank declared a 5 per cent stock dividend on June 28 and sent a proposal to Bangladesh Bank (BB) for regulatory approval.

Later, the central bank turned down the proposal considering the bank’s financial growth, said sources.