Prabhu Bikas to transform into commercial bank.
Prabhu Bikas bank is planning for merger with Grand Bank, Nepal Housing & Merchant, Kathmandu Finance and NDEP.
Prabhu Bikas Bank is making preparations to upgrade it into a commercial bank.
Only three months back it had transformed into a National level development bank, merging a few Banking and Financial Institutions.
“We are planning to transform into a commercial bank and are planning to merge a few BFIs,” bank officials informed. “We are holding talks with more than four BFIs and are aiming to land a deal within two weeks.”
The Banks or institution includes Grand Bank, Nepal Housing and Merchant , Kathmandu Finance and NDEP Development Bank. As NRB suggested Prabhu to go for merger since it has been able to collect the highest level of deposit among all the development banks. It has collected around 9 Crore in last month and has made Paid-up capital around 76.59 crore.Since it had got deposit but no more investment which has made Prabhu to go through the merger process.
Prabhu Bikas bank is planning for merger with Grand Bank, Nepal Housing & Merchant, Kathmandu Finance and NDEP.
Prabhu Bikas Bank is making preparations to upgrade it into a commercial bank.
Only three months back it had transformed into a National level development bank, merging a few Banking and Financial Institutions.
“We are planning to transform into a commercial bank and are planning to merge a few BFIs,” bank officials informed. “We are holding talks with more than four BFIs and are aiming to land a deal within two weeks.”
The Banks or institution includes Grand Bank, Nepal Housing and Merchant , Kathmandu Finance and NDEP Development Bank. As NRB suggested Prabhu to go for merger since it has been able to collect the highest level of deposit among all the development banks. It has collected around 9 Crore in last month and has made Paid-up capital around 76.59 crore.Since it had got deposit but no more investment which has made Prabhu to go through the merger process.
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