Prabhu Bank Ltd into operation from today.

Prabhu Bank Ltd –a bank renamed following the merger between Kist Bank, Prabhu Development Bank, Gaurishankar Development Bank and Zenith Finance Ltd—is coming into operation from today.

Prabhu Bank Ltd to be launched on Monday

As the joint operation of the Prabhu Bank Ltd-- formed after the merger with Kist Bank, Prabhu Development Bank, Gaurishankar Development Bank and Zenith Finance Ltd—is set to begin from Monday, the banks and financial institutions are working toward information technology (IT) and System Integration.

NIDC Dev. Bank proposes 133% bonus shares; Araniko Dev. Bank pledges 5% bonus & 10% cash, Zenith Finance 8.5% bonus shares

NIDC Development Bank Limited has proposed a stunning 133 percent bonus shares to the shareholders from the net profit it posted in the last fiscal year.

Likewise, Araniko Development Bank Limited has pledged 15 percent dividend -- 5 percent bonus share and 10 percent cash – the shareholders.

Similarly, Zenith Finance Limited has proposed 8.5 percent bonus share.