Merger of microfinance and district level development banks on the cards; Monetary policy to be unveiled on Wednesday
Mon, Jul 9, 2018 6:41 AM on Economy, Stock Market, Featured,
Nepal Rastra Bank has decided to merge the microfinance companies and district level development banks as well as finance companies.
As per the information received, although merger will be adopted for the financial institutions, the capital will not be increased. The merger will be conducted on the basis of financial health of the organization and the accessibility of the organization.
The Rastra Bank has been planning to unveil the monetary policy on Wednesday. If the policy of merger of the smaller financial institutions is adopted, it will provide better stability in the functioning of the institutions. This policy will also increase the accessibility of the banking institutions.
