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In 2016, the Bank also acquired Professional Diyalo Bikas Bank, a regional development Bank. [5] Laxmi Bank is a Category ‘A’ Financial Institution and re-registered in 2006 under the Banks and Financial Institutions Act of Nepal. The Bank’s shares are listed and actively traded in the Nepal Stock Exchange. [6] The bank also promoted a ...
The bank is an 'A' class commercial bank licensed by Nepal Rastra Bank [2] and has branches across the nation with its head office in Kathmandu. The bank's shares are publicly traded on the Nepal Stock Exchange. [3] The bank was formed with a merger between LAxmi Bank Limited and Sunrise Bank Limited.
Merged with Nepal Investment Bank and renamed as Nepal Investment Mega Bank [10] Nepal Bangladesh Bank: 2022 Acquired by Nabil Bank [11] Nepal Credit & Commerce Bank 2023 Merged with Kumari Bank [12] Civil Bank 2023 Acquired by Himalayan Bank [13] Sunrise Bank 2023 Merged with Laxmi Bank and renamed as Laxmi Sunrise Bank [14]
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In 2020, shareholders voted to remove CEO Sunil Gurbaxani at the bank's annual general meeting, owing to governance issues at the bank. [3] In April 2024, the Reserve Bank of India approved the appointment of Ajith Kumar KK as the managing director and CEO of Dhanlaxmi Bank for three years. Kumar will succeed incumbent CEO & MD J.K. Shivan. [4]
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Upliftment of the poor and needy, education for women and medical facilities are subjects very close to his heart. So various institutes are established. Gajera Vidyabhavan, Gajera Shaikshanik Sankul, Laxmi Vidyapeeth, Shantabaa Medical College etc. [6] Trust has taken innovative steps for conducting classes amid COVID-19 lockdown. [12] [13] [14]
The first Sunrise community was opened in 1981 in Oakton, Virginia, by founders Paul and Terry Klaassen. [9] [10] In February 2021, Jack R. Callison, Jr. was named Sunrise’s chief executive officer (CEO). [11] In December 2021, Sunrise Senior Living opened Sunrise on East 56th, a 151-unit luxury lifestyle community in New York City. [12]