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The central bank has turned down Rupali Bank's proposal of issuing stock dividend.
As a result, the bank will place the proposal in its annual general meeting to seek shareholders' approval.
The bank's board of directors declared 5 per cent stock dividend on its 1102nd meeting held on 28th June, 2020.
In a disclosure the bank also said NOCFPS increased significantly as deposits increased by Tk 58.14 billion and loans and advances increased by Tk 12.78 billion in 2nd quarter 2020.