Infrastructure Development Bank approves merger
Mon, Aug 29, 2011 12:00 AM on Others,
KATHMANDU:
Infrastructure Development Bank’s special general meeting on Sunday approved its merger plan with Swastil Merchant Finance (MF). The bank has already completed necessary undertaking to achieve the planned merger. They will finally be merged once Nepal Rastra Bank gives a final approval. The merged entity will operate as a national level development bank under tha name of Infrastructure Development Bank, it said.
Source: THT
Infrastructure Development Bank’s special general meeting on Sunday approved its merger plan with Swastil Merchant Finance (MF). The bank has already completed necessary undertaking to achieve the planned merger. They will finally be merged once Nepal Rastra Bank gives a final approval. The merged entity will operate as a national level development bank under tha name of Infrastructure Development Bank, it said.
Source: THT
