Sunrise Bank & Narayani National Finance joint operation to start from Ashad 30 as Sunrise Bank

Nepal Rastra Bank had given  final approval for the acquisition of Narayani National Finance Limited  by Sunrise Bank Limited on Ashad 19, 2073. The joint operation of both companies will start from Ashad 30, 2073. The  entity will be named as Sunrise Bank Limited, and will start integrated business. After the acquisition, the registrar office of the bank will be in Gairidhara-2, Kathmandu Metropolitan City. The paid up capital of Sunrise Bank stands at Rs 3.33 arba. It had earned net profit of Rs 58.81 crore in the third quarter of the fiscal year 2072/73. The paid up capital of Narayani National Finance Limited stands at Rs 80.22 crore. The finance company had earned net profit of Rs 15.03 crore in the third quarter of the fiscal year 2072/73.