First Business News Portal in English from Nepal
KATHMANDU: The Nepal Rastra Bank (NRB), which is formulating monetary policy for next fiscal year with top priority to big mergers between banks and financial institutions (BFIS), has asked several questions related to mergers to chief executive officers (CEOs) and promoters of banks.
The Economic Research Department of NRB has sent a survey questionnaires to the chairpersons, directors, CEOs, deputy CEOs and others of banks and finance companies regarding merger, its modalities, pros and cons ahead of the Monetary Policy.
There has been a long-running debate over the number of banks and finance companies in Nepal. It has been a decade since the central bank adopted a merger and acquisition policy to reduce the number while a large number of development banks and finance companies have merged as well.
However, so far no study has been done by any body on how many banks should there be in Nepal. For the first time, the NRB has started a survey on maximum number of banks and finance companies required in Nepal.
The NRB has basically asked 12 questions to CEOs and promoters in the survey for merger and has given multiple answering options on each questions. Below are the questions asked to CEOs and promoters of BFIs by NRB:
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