Trading in Prabhu Bank resumes from today after successful merger with Grand Bank and Nepal Development Bank

Trading in Prabhu Bank is resuming on Nepal Stock Exchange (NEPSE) from today (Magh 2, 2073). As per the notice published in NEPSE today, trading in the security PRVU has now been resumed after successful merger between Prabhu Bank Ltd., Grand Bank Nepal Ltd., and Nepal Development Bank Ltd. Earlier on 17^th and 18^th Ashwin, 2073 trading of Prabhu Bank was resumed by NRB, whereas Grand Bank's trading was still halt at the time. The trading was then halted after SEBON intervened. NEPSE had requested the central bank and SEBON to solve the issue of share price adjustment that aroused due to the trading of Prabhu Bank shares only. Thus, the board had directed to suspend the trading of Prabhu Bank. Prabhu Bank had received nod from NRB on December 22, 2016 for resuming trading.