Jyoti Bikas Bank Acquires Rapti Bheri

October 26: Jyoti Bikas Bank has started integrated transaction after acquiring Rapti Bheri Bikas Bank. Nepal Rastra Bank’s Governor Chiranjivi Nepal inaugurated the integrated transaction service of the bank amid a function on Wednesday, October 25. The bank had earlier acquired another regional-level bank, Jhimruk Bikas Bank. Jyoti Bikas Bank’s paid-up capital has now reached Rs 2.36 billion, the bank said in a statement. The bank said that it will meet the paid-up capital requirement set by the central bank after issuing bonus shares from its profit in the fiscal year 2017/18. The total deposits of the bank has reached Rs 12.4 billion while it has loaned out Rs 10.3 billion.