Depositors welcome Pramuka reopening
THE depositors who were affected by the collapse of Pramuka Savings
and Development Bank welcomed the decision by the Government to
reopen the bank as a state bank before January 31, 2006.
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NDB seeks CB approval to merge with NDB Housing
THE National Development Bank (NDB) is seeking Central Bank approval
to merge with its housing loan financing unit NDB Housing Company,
its sources said. The reason for this merger is to fulfill the
Central Bank's request that all banks must have at least Rs. 2.5
billion reserve capital by the end of 2007.
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