Kanchan Development Bank convenes SGM seeking nod for acquisition by NMB Bank; finalizes the process in swap ratio of 100:85 

Kanchan Development Bank of Mahendranagar has concluded its SGM successfully under its chairman Mr. Shiv Singh Karki on Asad 21, 2077 which has approved the acquisition by NMB Bank in a share swap ratio of 100:85.

Following the acquisition of the regional level development bank with strong holding in Sudurpashim province, the bank will have a paid-up value of Rs 14.45 arba, a reserve of Rs 7.05 arba, 184 branches, 8 extension counters.