Deva Bikas Bank to acquire Western Development Bank; Paid-up capital to surpass Rs 3 arba

Deva Bikas Bank Limited (DBBL) is good to go to acquire Western Development Bank Limited (WDBL) as an understanding has been marked between the two development banks. 

Executive of the BOD of Deva Bikas Bank, Mr Subarnalal Bajracharya and Chairman of BOD of Western Development Bank, Mr Om Bhakta Budathoki had consented to on the arrangement. 

After the acquisition of the bank, the paid up capital of the entity will be more than Rs 3 arba. Whereas, the branches will likewise reach 74 after obtaining.