Another big development bank heads to path of amalgamation this wedding season! Deva Bikas Bank to enter into wedlock with Kumari Bank taking paid up to Rs 12.50 arba and 200 plus branches

Kumari Bank has signed an MoU with Deva Bikas Bank for the acquisition of the later. The agreement was signed on Magh 1, 2076 in Kathmandu by BoDs of both the institutions Mr. Krishna Prasad Gyawali and Mr. Bharat Bahadur Hamal.

Following the acquisition process, the bank will have a paid up capital of more than Rs 12.50 arba, deposit collection figure of Rs 120 arba, loan disbursement of  Rs 105 arba, more than 200 branches, as per the media statement.