Acquisition Deal between TBDL and Kalinchowk Devt Bank

April 21: A Tourism Development Bank Limited (TDBL) has signed a memorandum of understanding (MOU) for the acquisition process Kalinchowk Development Bank. Pro Dr Puspa Raj Kandel, Chairman of TDBL and Bal Krishna Siwakoti, Chairman of Kalinchowk Development Bank signed the agreement on April 20. “Tourism Development Bank has already started acquisition process of Matribhumi Development Bank after signing the MOU with the bank,” informs TBDL in a press statement.