Six Financial Institutions Approved For Merger

Nepal Rastra Bank (NRB) has given a go ahead sign to six banks and finance companies willing to merge. Board meeting of NRB held on November 10 decided to approve the merger proposals received from financial institutions, according to Bhaskar Mani Gyawali, Spokesperson at NRB. He informed that the central bank has provided letter of intent to merger proposal of Pashupati Development Bank and Lord Buddha Finance, Business Development Bank and Universal Finance, Annapurna Development Bank and Suryadarshan Finance.