Ace Devt Endorses Merger Proposal

April 9: Ace Development Bank has endorsed a merger proposal. The special general meeting of the bank held on April 7 endorsed the proposal of merger with Nepal Investment Bank. The meeting also decided to appoint Shrawan Jyoti Kansakar as a board member in a replacement for Rajendra Prasad Dahal, a board member representing promoters’ group who resigned from the post earlier.