
April 25: Siddhartha Bank has conducted its Special General Meeting (SGM) on April 23 in Kathmandu. “The SGM has endorsed the proposal of Executive Committee to merge Business Universal Development Bank into Siddhartha Bank,” informs the bank in a press statement. On the occasion of SGM, the bank informed that the joint transactions of the merged entity will be started in the name of Siddhartha Bank after getting the final approval from Nepal Rastra Bank for the merger. According to the bank, the two banks have agreed on the swap ratio of 115 units per 100 share of Siddhartha Bank and 64 units per 100 share of Business Universal for the…