Merger perks! Customers of Janata and Global IME Bank can now use their ATM cards in each others’ ATM booths without any charge

Thu, Nov 21, 2019 6:52 AM on Corporate, Latest,

Janata Bank and Global IME Bank have decided to allow charge less operation of their ATM cards in one others’ ATM terminals following the endorsement off merger process between the two banks from their recently held AGM's.

Both the banks had signed final merger agreement on Kartik 8 following which Mr. Chandra Prasad Dhakal will continue as the chairman of the new institution, Mr. Parshuram Kunwor Chhetri as CEO, Mr. Mahesh Sharma Dhakal as Senior DY CEO with 5 BoDs from erstwhile Global and two BoDs from erstwhile Janata Bank.

Following the merger, the new bank will have about Rs 19 arba in paid up capital, more than Rs 2.10 Kharba in deposit collection and around Rs 2 kharba as loan disbursement, more than 310 banking centers, more than 3200 employees.