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.
Showing posts with label NDEP Development Bank. Show all posts
Showing posts with label NDEP Development Bank. Show all posts
Sunday, October 27, 2013
Prabhu Bikas to be commercial bank; planning 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.
Tuesday, July 9, 2013
NDEP calls for sealed-bids for 2,95,347 promoter shares of NB Bank and NCC Bank
NDEP Development Bank has called for
sealed-bids for the promoter shares of Nepal Bangladesh Bank and Nepal
Credit and Commerce Bank that were used as collateral for taking out
loans from the bank.
The shares are owned by the promoters of NB Group, Purna Bahadur Shrestha, Laxmi Shrestha, Winson Shrestha, and their subsidiaries Shangrila Investment Pvt. Ltd.
NDEP, in an announcement published on July 8, has said that the decision to auction the shares was taken after the debtors failed to pay back the loan amount despite repeated requests and a 35-day notice warning them of the auctioning of the shares against which the loans were issued.
The shares are owned by the promoters of NB Group, Purna Bahadur Shrestha, Laxmi Shrestha, Winson Shrestha, and their subsidiaries Shangrila Investment Pvt. Ltd.
NDEP, in an announcement published on July 8, has said that the decision to auction the shares was taken after the debtors failed to pay back the loan amount despite repeated requests and a 35-day notice warning them of the auctioning of the shares against which the loans were issued.
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