गृहपृष्ठ ∕ Business ∕ Laxmi Bank and Sunrise Bank sign final merger agreement Business Laxmi Bank and Sunrise Bank sign final merger agreement KathmanduPati May 22, 2023 KATHMANDU – Laxmi Bank and Sunrise Bank have signed final agreement for merger amidst a program today. The agreement was signed by Mr. Dinesh Poudyal, Director of Laxmi Bank and Mr Er Bachh Raj Tater Director of Sunrise Bank. The banks have agreed to merge at a swap ratio of 1:1 as per the recommendation received from Due Diligence Auditor. The merged bank will be named as Laxmi Sunrise Bank Ltd and Mr. Ajaya Bikram Shah, current CEO of Laxmi Bank will be the CEO of the merged bank. The first meeting of the Board of Directors of the merged entity shall elect the Chairman of the Board. The final agreement will now be presented for approval from respective general meetings of both the banks. The banks will start joint operation after receiving final approval from Nepal Rastra Bank and Company Registrar’s Office. The banks have targeted to complete the merger process and start joint operation by Ashadh end 2080 BS. Write your comments RELATED NEWS Nepali Army Chief Sigdel to Visit China for 11th Beijing… Dengue risk rising in hills too, 7 infected in Baitadi Heavy rainfall predicted in hilly regions of Koshi, Bagmati, Gandaki… PM Oli confers ‘Outstanding RTI Activist Award’ on Gaunle Bailey bridge over Puwa Stream inaugurated PM scheduled to respond to lawmakers’ queries at HoR meeting… Top Headlines Relevance of Prithivi Narayan Shah in Contemporary Nepal1 Scrutinizing Relevance of Prithivi Narayan Shah´s Thoughts and Strategy2 Photo exhibition at Nepal Army Headquarters3 Ncell is the FIRST Nepali Telecom Company to receive ISO 27001 and ISO 27701 certifications for information security and data privacy4 Huawei Unveils 83 Global Showcases and 10 Industry Solutions at MWC Barcelona 2025 to Promote Industrial Intelligence5 PM Oli, Sri Lankan’s former President meet6 NA team sets out on Gorakha-Kathmandu march to promote ‘unification route’7 Gold price ups Rs 2,000 per tola8 TRENDING A phone call that paved the way for RAW Chief’s visit to Nepal Nepal Army’s mission in Lebanon provides Covid support kits to local municipalities Five hand sanitizers manufacturers using hazardous chemical to face action Kulman Ghising’s reappointment issue stirs conflict between Prime Minister Oli, Energy Minister Pun Nepal Army vows to complete Kathmandu-Terai Fast Track project in time The Cultural and Political History of Indra Jatra CDO of Kanchanpur transferred to Ministry of Home Affairs SSB removes temporary post from no-man’s land
