Court Forbids Alleged Attempt to Sell 41% Shares of Nepal Bangladesh Bank to Binod Chaudhary

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The Kathmandu District Court has ordered to stop the process of buying 41 percent shares of Nepal Bangladesh Bank owned by IFIC Bank for the time being.

Nepal Bangladesh Bank Limited is a joint venture commercial bank between IFIC Bank limited and Nepali nationals. The commercial bank started its operation with effect from 06 June 1994 in Nepal with 50% equity from IFIC Bank Limited. According to IFIC Bank’s official website, I


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