January 15: A proposal suggesting a merger with Fewa Bikash Bank and Gandaki Bikash Bank has been endorsed by the 9th annual general meeting (AGM) of Fewa Bikash Bank.
Moreover, the AGM also endorsed a special proposal of distributing 20.60 per cent bonus share. Furthermore, the AGM approved proposals of transferring its central office to Kathmandu and of issuing 25 per cent right shares maintained after distributing of bonus share.