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It was established in June 1994 with an authorized capital of Rs. 240 million and paid up capital of Rs. 60 million as a joint venture Bank with IFIC Bank of Bangladesh. [citation needed] The Nabil Bank Ltd. successfully acquired Nepal Bangladesh Bank Ltd. hence starting a joint venture from 11 July 2022.
Grand Bank Nepal 2016 Acquired by Prabhu Bank [6] Janata Bank: 2019 Merged with Global IME Bank [7] KIST Bank 2014 Merged with Prabhu Bikas Bank [8] Lumbini Bank 2016 Merged with Bank of Kathmandu [9] Mega Bank Nepal: 2023 Merged with Nepal Investment Bank and renamed as Nepal Investment Mega Bank [10] Nepal Bangladesh Bank: 2022 Acquired by ...
Nabil bank had acquired Nepal Bangladesh Bank in July 2022. On 22 December 2022, Nabil Bank launched nBank , a neo banking service that works as a virtual branch of the bank. Gyanendra Dhungana was appointed the chief executive officer on 1 July 2022 [ 10 ] after the tenure of the celebrity banker Anil Keshary Shah was over.
The bilateral relations between Bangladesh and Nepal have been progressive since the foundation of Bangladesh in 1971. The two nations are separated by the "Siliguri Corridor" - a 22 kilometres (14 mi) wide stretch of territory of the Indian state of West Bengal that lies between southern Nepal and northern Bangladesh.
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In June 2021, IFIC Bank announced plans to raise 10 billion BDT from perpetual bonds, nine billion BDT from private placement, and one billion BDT by public offer to meet the requirements of BASEL-III. [18] IFIC Bank announced plans to divest from Nepal Bangladesh Bank and sell its share, 40 per cent, in the bank to Nabil Bank in January 2022. [5]
Nepal Bank Limited (Nepali: नेपाल बैंक लिमिटेड) is the first commercial bank of Nepal. It was established in 1937, by Juddha Shumsher , which marked the beginning of an era of formal banking in Nepal .
Bangladesh Bank is the central bank of Bangladesh and the chief regulatory authority in the banking sector. According to the Bangladesh Bank Order, 1972 the Government of Bangladesh reorganized the Dhaka Branch of the State Bank of Pakistan as the central bank of the country and named it Bangladesh Bank with retrospective effect from 16 ...