Kathmandu- Dec 22
Nepal Rastra Bank has stated that the drawn-out merger of all five Gramin Bikash Banks, which are directly under its control, will be completed within three months.
“The merger of all the five Gramin Bikas Banks (Rural development banks) will be completed within three months,” central bank spokesperson Bhaskar Raj Gyawali said yesterday. “Within three months they will stand as unified rural development bank.”
Once the merger process is completed, the unified bank will have a strong network of branches in 68 districts of the country—making them the second largest bank in terms of branches after ADBL.
The central bank had directed all the five rural development banks to merge by completing all necessary procedures in the last fiscal year. But the merger could not
Nepal Rastra Bank has stated that the drawn-out merger of all five Gramin Bikash Banks, which are directly under its control, will be completed within three months.
“The merger of all the five Gramin Bikas Banks (Rural development banks) will be completed within three months,” central bank spokesperson Bhaskar Raj Gyawali said yesterday. “Within three months they will stand as unified rural development bank.”
Once the merger process is completed, the unified bank will have a strong network of branches in 68 districts of the country—making them the second largest bank in terms of branches after ADBL.
The central bank had directed all the five rural development banks to merge by completing all necessary procedures in the last fiscal year. But the merger could not
