Trading of Machhapuchhre Bank & Janata Bank to resume tomorrow

Trading of Machhapuchhre Bank Limited (MBL) and Janata Bank Limited (JBNL) Limited to resume from July  11, 2016 (Monday). The BoD meeting of Nepal Rastra Bank (NRB) held on July 8, 2016 (Friday) has given permission to both the banks to call off the merger. An official with Machhapuchhre BanK Limited (MBL) said, “ the trading of the bank will resume from tomorrow.” Mr. Bishwa Subedi, Company Secretary of Janata Bank Limited, “ we received clearance letter from NRB today, the trading will resume tomorrow.” Machhapuchchhre Bank Limited (MBL)  and Janata Bank Nepal Limited (JBNL) went into a merger on September, 2015 and the trading of scrips of both the banks are at halt since then. The last trading price of MBL and JNBL stands at Rs. 540 and Rs 375 respectively as on September 22, 2015.