Kamana Bikas Bank & Kaski Finance to commence joint operation from Ashad 6 as Kamana Bikas Bank

Nepal Rastra Bank has given the final approval for the merger of Kamana Bikas Bank Limited and Kaski Finance Limited on Jestha 20, 2073. The joint operation of the company will start from Ashad 6, 2073. The merger entity is named as Kamana Bikash 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 the bank will be at Pokhara-8, Srijanachowk, Kaski. The share swap ratio of Kamana; Kaski for the merger has been fixed at 100:96.35. Kamana Bikas Bank earned net profit of Rs.6.58 crore in its third quarter of the fiscal year 2072/73.After the merger process, the bank’s authorized and paid up capital will reach to Rs 1 arba and  Rs 67.37 crore respectively.