$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16738',
'article_category_id' => '1',
'title' => 'Season of 'Big Merger' of Commercial Banks',
'sub_title' => 'Eight Banks Merge with Each Other ',
'summary' => '',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 14: The then Governor of Nepal Rastra Bank (NRB), Dr Chiranjibi Nepal, introduced a provision for commercial banks to have a minimum paid-up capital of Rs 8 billion through the monetary policy of the Fiscal Year 2015/16 BS. The banks were given the deadline until mid-July 2017 to comply with the new rule.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The goal of increasing the paid-up capital was to strengthen the banking system and to decrease the number of commercial banks. The policy that was adopted that time has turned into reality at present. Although some commercial banks opted for merger back then, a wave of latest mergers has reduced the number of commercial banks in line with the ‘big merger’ policy of the central bank. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Eight commercial banks have merged with each other in the month of Poush (mid-December to mid-January) alone while additional two commercial banks are in the merger process. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Eight banks have already merged and started their joint operation. The banks which merged in the review month include Kumari Bank and NCC Bank, Global IME and Bank of Kathmandu, Prabhu Bank and Century Bank and Nepal Investment Bank and Mega Bank. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the latest spate of mergers, the number of commercial banks have dropped to 22 from 27 last year. (With inputs from RSS)</span></span></span><br />
</p>
',
'published' => true,
'created' => '2023-01-14',
'modified' => '2023-01-14',
'keywords' => '',
'description' => '',
'sortorder' => '16479',
'image' => '20230114100851_merger.jpg',
'article_date' => '2023-01-14 10:06:56',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16738',
'article_category_id' => '1',
'title' => 'Season of 'Big Merger' of Commercial Banks',
'sub_title' => 'Eight Banks Merge with Each Other ',
'summary' => '',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 14: The then Governor of Nepal Rastra Bank (NRB), Dr Chiranjibi Nepal, introduced a provision for commercial banks to have a minimum paid-up capital of Rs 8 billion through the monetary policy of the Fiscal Year 2015/16 BS. The banks were given the deadline until mid-July 2017 to comply with the new rule.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The goal of increasing the paid-up capital was to strengthen the banking system and to decrease the number of commercial banks. The policy that was adopted that time has turned into reality at present. Although some commercial banks opted for merger back then, a wave of latest mergers has reduced the number of commercial banks in line with the ‘big merger’ policy of the central bank. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Eight commercial banks have merged with each other in the month of Poush (mid-December to mid-January) alone while additional two commercial banks are in the merger process. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Eight banks have already merged and started their joint operation. The banks which merged in the review month include Kumari Bank and NCC Bank, Global IME and Bank of Kathmandu, Prabhu Bank and Century Bank and Nepal Investment Bank and Mega Bank. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the latest spate of mergers, the number of commercial banks have dropped to 22 from 27 last year. (With inputs from RSS)</span></span></span><br />
</p>
',
'published' => true,
'created' => '2023-01-14',
'modified' => '2023-01-14',
'keywords' => '',
'description' => '',
'sortorder' => '16479',
'image' => '20230114100851_merger.jpg',
'article_date' => '2023-01-14 10:06:56',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16738',
'hit' => '1538'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20230114100851_merger.jpg'
$user = null
include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16738',
'article_category_id' => '1',
'title' => 'Season of 'Big Merger' of Commercial Banks',
'sub_title' => 'Eight Banks Merge with Each Other ',
'summary' => '',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 14: The then Governor of Nepal Rastra Bank (NRB), Dr Chiranjibi Nepal, introduced a provision for commercial banks to have a minimum paid-up capital of Rs 8 billion through the monetary policy of the Fiscal Year 2015/16 BS. The banks were given the deadline until mid-July 2017 to comply with the new rule.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The goal of increasing the paid-up capital was to strengthen the banking system and to decrease the number of commercial banks. The policy that was adopted that time has turned into reality at present. Although some commercial banks opted for merger back then, a wave of latest mergers has reduced the number of commercial banks in line with the ‘big merger’ policy of the central bank. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Eight commercial banks have merged with each other in the month of Poush (mid-December to mid-January) alone while additional two commercial banks are in the merger process. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Eight banks have already merged and started their joint operation. The banks which merged in the review month include Kumari Bank and NCC Bank, Global IME and Bank of Kathmandu, Prabhu Bank and Century Bank and Nepal Investment Bank and Mega Bank. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the latest spate of mergers, the number of commercial banks have dropped to 22 from 27 last year. (With inputs from RSS)</span></span></span><br />
</p>
',
'published' => true,
'created' => '2023-01-14',
'modified' => '2023-01-14',
'keywords' => '',
'description' => '',
'sortorder' => '16479',
'image' => '20230114100851_merger.jpg',
'article_date' => '2023-01-14 10:06:56',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16738',
'article_category_id' => '1',
'title' => 'Season of 'Big Merger' of Commercial Banks',
'sub_title' => 'Eight Banks Merge with Each Other ',
'summary' => '',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 14: The then Governor of Nepal Rastra Bank (NRB), Dr Chiranjibi Nepal, introduced a provision for commercial banks to have a minimum paid-up capital of Rs 8 billion through the monetary policy of the Fiscal Year 2015/16 BS. The banks were given the deadline until mid-July 2017 to comply with the new rule.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The goal of increasing the paid-up capital was to strengthen the banking system and to decrease the number of commercial banks. The policy that was adopted that time has turned into reality at present. Although some commercial banks opted for merger back then, a wave of latest mergers has reduced the number of commercial banks in line with the ‘big merger’ policy of the central bank. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Eight commercial banks have merged with each other in the month of Poush (mid-December to mid-January) alone while additional two commercial banks are in the merger process. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Eight banks have already merged and started their joint operation. The banks which merged in the review month include Kumari Bank and NCC Bank, Global IME and Bank of Kathmandu, Prabhu Bank and Century Bank and Nepal Investment Bank and Mega Bank. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the latest spate of mergers, the number of commercial banks have dropped to 22 from 27 last year. (With inputs from RSS)</span></span></span><br />
</p>
',
'published' => true,
'created' => '2023-01-14',
'modified' => '2023-01-14',
'keywords' => '',
'description' => '',
'sortorder' => '16479',
'image' => '20230114100851_merger.jpg',
'article_date' => '2023-01-14 10:06:56',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16738',
'hit' => '1538'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20230114100851_merger.jpg'
$user = null
include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
//find the group of logged user
$groupId = $user['Group']['id'];
$user_id=$user["id"];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16738',
'article_category_id' => '1',
'title' => 'Season of 'Big Merger' of Commercial Banks',
'sub_title' => 'Eight Banks Merge with Each Other ',
'summary' => '',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 14: The then Governor of Nepal Rastra Bank (NRB), Dr Chiranjibi Nepal, introduced a provision for commercial banks to have a minimum paid-up capital of Rs 8 billion through the monetary policy of the Fiscal Year 2015/16 BS. The banks were given the deadline until mid-July 2017 to comply with the new rule.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The goal of increasing the paid-up capital was to strengthen the banking system and to decrease the number of commercial banks. The policy that was adopted that time has turned into reality at present. Although some commercial banks opted for merger back then, a wave of latest mergers has reduced the number of commercial banks in line with the ‘big merger’ policy of the central bank. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Eight commercial banks have merged with each other in the month of Poush (mid-December to mid-January) alone while additional two commercial banks are in the merger process. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Eight banks have already merged and started their joint operation. The banks which merged in the review month include Kumari Bank and NCC Bank, Global IME and Bank of Kathmandu, Prabhu Bank and Century Bank and Nepal Investment Bank and Mega Bank. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the latest spate of mergers, the number of commercial banks have dropped to 22 from 27 last year. (With inputs from RSS)</span></span></span><br />
</p>
',
'published' => true,
'created' => '2023-01-14',
'modified' => '2023-01-14',
'keywords' => '',
'description' => '',
'sortorder' => '16479',
'image' => '20230114100851_merger.jpg',
'article_date' => '2023-01-14 10:06:56',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16738',
'article_category_id' => '1',
'title' => 'Season of 'Big Merger' of Commercial Banks',
'sub_title' => 'Eight Banks Merge with Each Other ',
'summary' => '',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 14: The then Governor of Nepal Rastra Bank (NRB), Dr Chiranjibi Nepal, introduced a provision for commercial banks to have a minimum paid-up capital of Rs 8 billion through the monetary policy of the Fiscal Year 2015/16 BS. The banks were given the deadline until mid-July 2017 to comply with the new rule.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The goal of increasing the paid-up capital was to strengthen the banking system and to decrease the number of commercial banks. The policy that was adopted that time has turned into reality at present. Although some commercial banks opted for merger back then, a wave of latest mergers has reduced the number of commercial banks in line with the ‘big merger’ policy of the central bank. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Eight commercial banks have merged with each other in the month of Poush (mid-December to mid-January) alone while additional two commercial banks are in the merger process. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Eight banks have already merged and started their joint operation. The banks which merged in the review month include Kumari Bank and NCC Bank, Global IME and Bank of Kathmandu, Prabhu Bank and Century Bank and Nepal Investment Bank and Mega Bank. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the latest spate of mergers, the number of commercial banks have dropped to 22 from 27 last year. (With inputs from RSS)</span></span></span><br />
</p>
',
'published' => true,
'created' => '2023-01-14',
'modified' => '2023-01-14',
'keywords' => '',
'description' => '',
'sortorder' => '16479',
'image' => '20230114100851_merger.jpg',
'article_date' => '2023-01-14 10:06:56',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16738',
'hit' => '1538'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20230114100851_merger.jpg'
$user = null
$groupId = null
include - APP/View/Articles/view.ctp, line 116
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16738',
'article_category_id' => '1',
'title' => 'Season of 'Big Merger' of Commercial Banks',
'sub_title' => 'Eight Banks Merge with Each Other ',
'summary' => '',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 14: The then Governor of Nepal Rastra Bank (NRB), Dr Chiranjibi Nepal, introduced a provision for commercial banks to have a minimum paid-up capital of Rs 8 billion through the monetary policy of the Fiscal Year 2015/16 BS. The banks were given the deadline until mid-July 2017 to comply with the new rule.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The goal of increasing the paid-up capital was to strengthen the banking system and to decrease the number of commercial banks. The policy that was adopted that time has turned into reality at present. Although some commercial banks opted for merger back then, a wave of latest mergers has reduced the number of commercial banks in line with the ‘big merger’ policy of the central bank. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Eight commercial banks have merged with each other in the month of Poush (mid-December to mid-January) alone while additional two commercial banks are in the merger process. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Eight banks have already merged and started their joint operation. The banks which merged in the review month include Kumari Bank and NCC Bank, Global IME and Bank of Kathmandu, Prabhu Bank and Century Bank and Nepal Investment Bank and Mega Bank. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the latest spate of mergers, the number of commercial banks have dropped to 22 from 27 last year. (With inputs from RSS)</span></span></span><br />
</p>
',
'published' => true,
'created' => '2023-01-14',
'modified' => '2023-01-14',
'keywords' => '',
'description' => '',
'sortorder' => '16479',
'image' => '20230114100851_merger.jpg',
'article_date' => '2023-01-14 10:06:56',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16738',
'article_category_id' => '1',
'title' => 'Season of 'Big Merger' of Commercial Banks',
'sub_title' => 'Eight Banks Merge with Each Other ',
'summary' => '',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 14: The then Governor of Nepal Rastra Bank (NRB), Dr Chiranjibi Nepal, introduced a provision for commercial banks to have a minimum paid-up capital of Rs 8 billion through the monetary policy of the Fiscal Year 2015/16 BS. The banks were given the deadline until mid-July 2017 to comply with the new rule.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The goal of increasing the paid-up capital was to strengthen the banking system and to decrease the number of commercial banks. The policy that was adopted that time has turned into reality at present. Although some commercial banks opted for merger back then, a wave of latest mergers has reduced the number of commercial banks in line with the ‘big merger’ policy of the central bank. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Eight commercial banks have merged with each other in the month of Poush (mid-December to mid-January) alone while additional two commercial banks are in the merger process. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Eight banks have already merged and started their joint operation. The banks which merged in the review month include Kumari Bank and NCC Bank, Global IME and Bank of Kathmandu, Prabhu Bank and Century Bank and Nepal Investment Bank and Mega Bank. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the latest spate of mergers, the number of commercial banks have dropped to 22 from 27 last year. (With inputs from RSS)</span></span></span><br />
</p>
',
'published' => true,
'created' => '2023-01-14',
'modified' => '2023-01-14',
'keywords' => '',
'description' => '',
'sortorder' => '16479',
'image' => '20230114100851_merger.jpg',
'article_date' => '2023-01-14 10:06:56',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16738',
'hit' => '1538'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20230114100851_merger.jpg'
$user = null
$groupId = null
$user_id = null
$date = '2023-01-14 10:06:56'
$dateFromDatabase = (int) 1673670116
$newDate = 'Jan 14, 2023'
$articleView = array(
'article_id' => '16738',
'hit' => '1538'
)
$word_count = (int) 338
$time_to_read = (float) 1.69
$time_to_read_min = (float) 1
$time_to_read_second = (float) 41
include - APP/View/Articles/view.ctp, line 241
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
January 14: The then Governor of Nepal Rastra Bank (NRB), Dr Chiranjibi Nepal, introduced a provision for commercial banks to have a minimum paid-up capital of Rs 8 billion through the monetary policy of the Fiscal Year 2015/16 BS. The banks were given the deadline until mid-July 2017 to comply with the new rule.
The goal of increasing the paid-up capital was to strengthen the banking system and to decrease the number of commercial banks. The policy that was adopted that time has turned into reality at present. Although some commercial banks opted for merger back then, a wave of latest mergers has reduced the number of commercial banks in line with the ‘big merger’ policy of the central bank. Eight commercial banks have merged with each other in the month of Poush (mid-December to mid-January) alone while additional two commercial banks are in the merger process.
Eight banks have already merged and started their joint operation. The banks which merged in the review month include Kumari Bank and NCC Bank, Global IME and Bank of Kathmandu, Prabhu Bank and Century Bank and Nepal Investment Bank and Mega Bank.
With the latest spate of mergers, the number of commercial banks have dropped to 22 from 27 last year. (With inputs from RSS)
FormHelper::create() - CORE/Cake/View/Helper/FormHelper.php, line 383
include - APP/View/Articles/view.ctp, line 273
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16738',
'article_category_id' => '1',
'title' => 'Season of 'Big Merger' of Commercial Banks',
'sub_title' => 'Eight Banks Merge with Each Other ',
'summary' => '',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 14: The then Governor of Nepal Rastra Bank (NRB), Dr Chiranjibi Nepal, introduced a provision for commercial banks to have a minimum paid-up capital of Rs 8 billion through the monetary policy of the Fiscal Year 2015/16 BS. The banks were given the deadline until mid-July 2017 to comply with the new rule.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The goal of increasing the paid-up capital was to strengthen the banking system and to decrease the number of commercial banks. The policy that was adopted that time has turned into reality at present. Although some commercial banks opted for merger back then, a wave of latest mergers has reduced the number of commercial banks in line with the ‘big merger’ policy of the central bank. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Eight commercial banks have merged with each other in the month of Poush (mid-December to mid-January) alone while additional two commercial banks are in the merger process. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Eight banks have already merged and started their joint operation. The banks which merged in the review month include Kumari Bank and NCC Bank, Global IME and Bank of Kathmandu, Prabhu Bank and Century Bank and Nepal Investment Bank and Mega Bank. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the latest spate of mergers, the number of commercial banks have dropped to 22 from 27 last year. (With inputs from RSS)</span></span></span><br />
</p>
',
'published' => true,
'created' => '2023-01-14',
'modified' => '2023-01-14',
'keywords' => '',
'description' => '',
'sortorder' => '16479',
'image' => '20230114100851_merger.jpg',
'article_date' => '2023-01-14 10:06:56',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16738',
'article_category_id' => '1',
'title' => 'Season of 'Big Merger' of Commercial Banks',
'sub_title' => 'Eight Banks Merge with Each Other ',
'summary' => '',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 14: The then Governor of Nepal Rastra Bank (NRB), Dr Chiranjibi Nepal, introduced a provision for commercial banks to have a minimum paid-up capital of Rs 8 billion through the monetary policy of the Fiscal Year 2015/16 BS. The banks were given the deadline until mid-July 2017 to comply with the new rule.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The goal of increasing the paid-up capital was to strengthen the banking system and to decrease the number of commercial banks. The policy that was adopted that time has turned into reality at present. Although some commercial banks opted for merger back then, a wave of latest mergers has reduced the number of commercial banks in line with the ‘big merger’ policy of the central bank. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Eight commercial banks have merged with each other in the month of Poush (mid-December to mid-January) alone while additional two commercial banks are in the merger process. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Eight banks have already merged and started their joint operation. The banks which merged in the review month include Kumari Bank and NCC Bank, Global IME and Bank of Kathmandu, Prabhu Bank and Century Bank and Nepal Investment Bank and Mega Bank. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the latest spate of mergers, the number of commercial banks have dropped to 22 from 27 last year. (With inputs from RSS)</span></span></span><br />
</p>
',
'published' => true,
'created' => '2023-01-14',
'modified' => '2023-01-14',
'keywords' => '',
'description' => '',
'sortorder' => '16479',
'image' => '20230114100851_merger.jpg',
'article_date' => '2023-01-14 10:06:56',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16738',
'hit' => '1538'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16738',
'article_category_id' => '1',
'title' => 'Season of 'Big Merger' of Commercial Banks',
'sub_title' => 'Eight Banks Merge with Each Other ',
'summary' => '',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 14: The then Governor of Nepal Rastra Bank (NRB), Dr Chiranjibi Nepal, introduced a provision for commercial banks to have a minimum paid-up capital of Rs 8 billion through the monetary policy of the Fiscal Year 2015/16 BS. The banks were given the deadline until mid-July 2017 to comply with the new rule.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The goal of increasing the paid-up capital was to strengthen the banking system and to decrease the number of commercial banks. The policy that was adopted that time has turned into reality at present. Although some commercial banks opted for merger back then, a wave of latest mergers has reduced the number of commercial banks in line with the ‘big merger’ policy of the central bank. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Eight commercial banks have merged with each other in the month of Poush (mid-December to mid-January) alone while additional two commercial banks are in the merger process. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Eight banks have already merged and started their joint operation. The banks which merged in the review month include Kumari Bank and NCC Bank, Global IME and Bank of Kathmandu, Prabhu Bank and Century Bank and Nepal Investment Bank and Mega Bank. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the latest spate of mergers, the number of commercial banks have dropped to 22 from 27 last year. (With inputs from RSS)</span></span></span><br />
</p>
',
'published' => true,
'created' => '2023-01-14',
'modified' => '2023-01-14',
'keywords' => '',
'description' => '',
'sortorder' => '16479',
'image' => '20230114100851_merger.jpg',
'article_date' => '2023-01-14 10:06:56',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16738',
'article_category_id' => '1',
'title' => 'Season of 'Big Merger' of Commercial Banks',
'sub_title' => 'Eight Banks Merge with Each Other ',
'summary' => '',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 14: The then Governor of Nepal Rastra Bank (NRB), Dr Chiranjibi Nepal, introduced a provision for commercial banks to have a minimum paid-up capital of Rs 8 billion through the monetary policy of the Fiscal Year 2015/16 BS. The banks were given the deadline until mid-July 2017 to comply with the new rule.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The goal of increasing the paid-up capital was to strengthen the banking system and to decrease the number of commercial banks. The policy that was adopted that time has turned into reality at present. Although some commercial banks opted for merger back then, a wave of latest mergers has reduced the number of commercial banks in line with the ‘big merger’ policy of the central bank. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Eight commercial banks have merged with each other in the month of Poush (mid-December to mid-January) alone while additional two commercial banks are in the merger process. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Eight banks have already merged and started their joint operation. The banks which merged in the review month include Kumari Bank and NCC Bank, Global IME and Bank of Kathmandu, Prabhu Bank and Century Bank and Nepal Investment Bank and Mega Bank. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the latest spate of mergers, the number of commercial banks have dropped to 22 from 27 last year. (With inputs from RSS)</span></span></span><br />
</p>
',
'published' => true,
'created' => '2023-01-14',
'modified' => '2023-01-14',
'keywords' => '',
'description' => '',
'sortorder' => '16479',
'image' => '20230114100851_merger.jpg',
'article_date' => '2023-01-14 10:06:56',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16738',
'hit' => '1538'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
file not found!
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16738',
'article_category_id' => '1',
'title' => 'Season of 'Big Merger' of Commercial Banks',
'sub_title' => 'Eight Banks Merge with Each Other ',
'summary' => '',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 14: The then Governor of Nepal Rastra Bank (NRB), Dr Chiranjibi Nepal, introduced a provision for commercial banks to have a minimum paid-up capital of Rs 8 billion through the monetary policy of the Fiscal Year 2015/16 BS. The banks were given the deadline until mid-July 2017 to comply with the new rule.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The goal of increasing the paid-up capital was to strengthen the banking system and to decrease the number of commercial banks. The policy that was adopted that time has turned into reality at present. Although some commercial banks opted for merger back then, a wave of latest mergers has reduced the number of commercial banks in line with the ‘big merger’ policy of the central bank. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Eight commercial banks have merged with each other in the month of Poush (mid-December to mid-January) alone while additional two commercial banks are in the merger process. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Eight banks have already merged and started their joint operation. The banks which merged in the review month include Kumari Bank and NCC Bank, Global IME and Bank of Kathmandu, Prabhu Bank and Century Bank and Nepal Investment Bank and Mega Bank. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the latest spate of mergers, the number of commercial banks have dropped to 22 from 27 last year. (With inputs from RSS)</span></span></span><br />
</p>
',
'published' => true,
'created' => '2023-01-14',
'modified' => '2023-01-14',
'keywords' => '',
'description' => '',
'sortorder' => '16479',
'image' => '20230114100851_merger.jpg',
'article_date' => '2023-01-14 10:06:56',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16738',
'article_category_id' => '1',
'title' => 'Season of 'Big Merger' of Commercial Banks',
'sub_title' => 'Eight Banks Merge with Each Other ',
'summary' => '',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 14: The then Governor of Nepal Rastra Bank (NRB), Dr Chiranjibi Nepal, introduced a provision for commercial banks to have a minimum paid-up capital of Rs 8 billion through the monetary policy of the Fiscal Year 2015/16 BS. The banks were given the deadline until mid-July 2017 to comply with the new rule.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The goal of increasing the paid-up capital was to strengthen the banking system and to decrease the number of commercial banks. The policy that was adopted that time has turned into reality at present. Although some commercial banks opted for merger back then, a wave of latest mergers has reduced the number of commercial banks in line with the ‘big merger’ policy of the central bank. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Eight commercial banks have merged with each other in the month of Poush (mid-December to mid-January) alone while additional two commercial banks are in the merger process. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Eight banks have already merged and started their joint operation. The banks which merged in the review month include Kumari Bank and NCC Bank, Global IME and Bank of Kathmandu, Prabhu Bank and Century Bank and Nepal Investment Bank and Mega Bank. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the latest spate of mergers, the number of commercial banks have dropped to 22 from 27 last year. (With inputs from RSS)</span></span></span><br />
</p>
',
'published' => true,
'created' => '2023-01-14',
'modified' => '2023-01-14',
'keywords' => '',
'description' => '',
'sortorder' => '16479',
'image' => '20230114100851_merger.jpg',
'article_date' => '2023-01-14 10:06:56',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16738',
'hit' => '1538'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16738',
'article_category_id' => '1',
'title' => 'Season of 'Big Merger' of Commercial Banks',
'sub_title' => 'Eight Banks Merge with Each Other ',
'summary' => '',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 14: The then Governor of Nepal Rastra Bank (NRB), Dr Chiranjibi Nepal, introduced a provision for commercial banks to have a minimum paid-up capital of Rs 8 billion through the monetary policy of the Fiscal Year 2015/16 BS. The banks were given the deadline until mid-July 2017 to comply with the new rule.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The goal of increasing the paid-up capital was to strengthen the banking system and to decrease the number of commercial banks. The policy that was adopted that time has turned into reality at present. Although some commercial banks opted for merger back then, a wave of latest mergers has reduced the number of commercial banks in line with the ‘big merger’ policy of the central bank. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Eight commercial banks have merged with each other in the month of Poush (mid-December to mid-January) alone while additional two commercial banks are in the merger process. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Eight banks have already merged and started their joint operation. The banks which merged in the review month include Kumari Bank and NCC Bank, Global IME and Bank of Kathmandu, Prabhu Bank and Century Bank and Nepal Investment Bank and Mega Bank. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the latest spate of mergers, the number of commercial banks have dropped to 22 from 27 last year. (With inputs from RSS)</span></span></span><br />
</p>
',
'published' => true,
'created' => '2023-01-14',
'modified' => '2023-01-14',
'keywords' => '',
'description' => '',
'sortorder' => '16479',
'image' => '20230114100851_merger.jpg',
'article_date' => '2023-01-14 10:06:56',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16738',
'article_category_id' => '1',
'title' => 'Season of 'Big Merger' of Commercial Banks',
'sub_title' => 'Eight Banks Merge with Each Other ',
'summary' => '',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 14: The then Governor of Nepal Rastra Bank (NRB), Dr Chiranjibi Nepal, introduced a provision for commercial banks to have a minimum paid-up capital of Rs 8 billion through the monetary policy of the Fiscal Year 2015/16 BS. The banks were given the deadline until mid-July 2017 to comply with the new rule.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The goal of increasing the paid-up capital was to strengthen the banking system and to decrease the number of commercial banks. The policy that was adopted that time has turned into reality at present. Although some commercial banks opted for merger back then, a wave of latest mergers has reduced the number of commercial banks in line with the ‘big merger’ policy of the central bank. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Eight commercial banks have merged with each other in the month of Poush (mid-December to mid-January) alone while additional two commercial banks are in the merger process. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Eight banks have already merged and started their joint operation. The banks which merged in the review month include Kumari Bank and NCC Bank, Global IME and Bank of Kathmandu, Prabhu Bank and Century Bank and Nepal Investment Bank and Mega Bank. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the latest spate of mergers, the number of commercial banks have dropped to 22 from 27 last year. (With inputs from RSS)</span></span></span><br />
</p>
',
'published' => true,
'created' => '2023-01-14',
'modified' => '2023-01-14',
'keywords' => '',
'description' => '',
'sortorder' => '16479',
'image' => '20230114100851_merger.jpg',
'article_date' => '2023-01-14 10:06:56',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16738',
'hit' => '1538'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
