The process of due diligence for merger of KASB Bank with Atlas Bank will be completed within three weeks, KASB Bank President Muneer Kamal told The News on Monday. “Both banks are still carrying out valuation of each other’s balance sheets before the merger takes place,” he said. “Due diligence takes time and I think we are pretty much on track,” he said, referring to reports that the merger has been held up for some reasons. “It will be completed within 15-20 days.” KASB and Atlas banks earlier announced a merger of their operations in a bid to cope with tight liquidity environment for small banks.The merged entity with an equity of over Rs12 billion and 110 branches will have sound financial standing and wider reach to woo depositors, Atlas Bank President Aziz Rajkotwala said. The merger was supposed to be finalised by this year’s end but the banks are still evaluating the swap ratio in the merged entity, he said. “We are assessing who is going to have how many shares.” State Bank o...