Infrastructure Dev Bank SGM successfully conducted; approved merger with five BFIs

Infrastructure Development Bank Limited (IDBL) has successfully conducted its Special General Meeting (SGM) yesterday (Ashad 28, 2073). The SGM has approved merger process with Apex Development Bank Limited (APEX), Nepal Credit and Commerce Bank Limited (NCCB), Kumari Bank Limited (KBL), International Development Bank Limited (INDBL),  and Supreme Development Bank Limited (SUPREME). The share swap ratio of the development bank has also been approved by the SGM. Infrastructure Development Bank has earned a net profit of Rs 9.96 crore for the third quarter of the fiscal year 2072/73.