NIDC Dev. Bank trading suspended in NEPSE following merger process with Rastriya Banijya Bank

Trading of NIDC Development Bank Limited (NIDC) has been suspended from today in Nepal Stock Exchange Limited (NEPSE) for the merger process with Rastriya Banijya Bank Limited. Both the banks signed an agreement following the merger process. NIDC Development Bank’s 49^th AGM held on Chaitra 4, 2073 has approved the agenda of merger with Rastriya Banijya Bank Limited. NIDC Development Bank has earned 21.39 crore in the fourth quarter of the last fiscal year 2073/74. It’s paid up capital stand at Rs 41.58 crore. Likewise, Rastriya Banijya Bank has earned Rs  3.08 arba in the fourthquarter of the fiscal year 2073/74. Its paid up capital stand at 8.58 arba. Rastriya Banijya Bank was established on January 23, 1966  with full ownership of the Government of Nepal.