A meeting of the Board of Directors of Nepal Rastra Bank (NRB) held on Monday gave in-principle agreement to merge Himalayan and Nepal Investment Bank. They had tried almost full effort for the merger and finally, they agreed to merge.
NRB sources informed that the two institutions have agreed in principle for the merger. Himalayan and Nepal Investment Bank are ready to merge in the ratio of 1: 1.
Similarly, NRB has also given in-principle agreement to Nabil Bank to merge with United Finance. Nabil Bank is about to merge with an institution for the first time.
NRB is moving ahead with the process of merger and acquisition in principle. Himalayan and Nepal Investment will have integrated business from next fiscal year. Nabil Bank plans to merge with United later this year.