Kailash Bikas Bank, Metro Dev. Bank & Nepal Express Finance joint operation to start from Jestha 17 as Kailash Bikas Bank

Nepal Rastra Bank has given final approval for the merger of Kailash Bikas Bank, Metro Development Bank and Nepal Express Finance Limited on Jestha 4, 2073. The joint operation of trio financial institutions will start from Jestha 17, 2073. The merged entity is named as Kailash Bikas Bank Limited, and will start the integrated business. The merged entity will be publishing combined quarterly report in the upcoming quarter after their joint operation starts. After the merger, the registrar office of Kailash Bikas Bank will be the Kathmandu Metopolitan City, Ward no. 32, Putalisadak . The paid up capital of Kailash Bikas Bank, Metro Development Bank, Nepal Express Finance stands at Rs .1.11 arba, Rs 25.1 crore and Rs 29.8 crore  respectively in the third quarter of the fiscal year 2072/73.