KATHMANDU: Janata Bank’s 7th annual general meeting has been held with the board giving its final approval for the merger with Triveni Bikas Bank, with 10:6 ratio right share issue after merger.

The AGM also approved 12 per cent bonus share and 0.63 per cent cash dividend to its shareholders. The bank’s total deposit as of February 11 was Rs 26.97 billion, while it had extended loan amounting to Rs 23.47 billion in the same period. Its net profit was Rs 190.04 million.