Digital trend slowly taking ground! Kumari Bank convenes its SGM virtually to acquire Deva Bikas Bank in swap ratio 1:0.86

Kumari Bank has virtually convened its Special General Meeting on Jestha 19, 2077 under the leadership of bank’s chairman Mr. Amir Pratap Rana. The SGM has endorsed the decision to acquire then Deva Bikas Bank in a share swap ratio of 100:86.

After the acquisition, the bank will have paid up value of more than Rs 12.50 arba, deposit collection figure of Rs 120 arba, credit disbursement of Rs 105 arba, 209 branch network.

The SGM was conducted virtually in a Zoom platform keeping into view the ongoing threat of Covid infection, as per the media statement.