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<span style="font-size:16px;"><strong>80% BFIs have Passed Merger Proposal</strong></span></div>
<div>
Pressed by the Nepal Rastra Bank (NRB) directives and the need to raise their capital base, nearly 80 per cent of the banks and financial institutions operational at present have passed merger proposals from their annual general meetings (AGM). According to bankers, it is easy to start the merger process once the merger proposal is endorsed by the AGM.</div>
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“It is easy to start the merger process with the right partner once a proposal for the merger is passed by the AGM. That’s why the AGMs of so many BFIs have passed the merger proposal,” said Rajan Singh Bhandari, President of Nepal Bankers Association and CEO of Citizens Bank. Bhandari, however, said that only 7-8 commercial banks of the total 31 have passed merger proposal so far. “The AGM of Citizens Bank, too, has endorsed a merger proposal. We have done so to make NRB’s merger policy successful,” said Bhandari.</div>
<div>
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According to Krishna Raj Lamichhane, president of Development Bankers Association, Nepal, and CEO of Kailash Development Bank, nearly 95 percent development banks have passed merger proposal through their AGMs. “Almost all development banks are ready for merger,” he said, “They are waiting for the right partner.” </div>
<div>
</div>
<div>
Rajendra Man Shakya, President of Nepal Financial Institution Association and CEO of Synergy Finance Company, echoes the same sentiment. “Around 95 per cent finance companies have endorsed merger proposal through their AGMs,” he said, “Most finance companies want to merge with either a development bank or a commercial bank.”</div>',
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<span style="font-size:16px;"><strong>80% BFIs have Passed Merger Proposal</strong></span></div>
<div>
Pressed by the Nepal Rastra Bank (NRB) directives and the need to raise their capital base, nearly 80 per cent of the banks and financial institutions operational at present have passed merger proposals from their annual general meetings (AGM). According to bankers, it is easy to start the merger process once the merger proposal is endorsed by the AGM.</div>
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“It is easy to start the merger process with the right partner once a proposal for the merger is passed by the AGM. That’s why the AGMs of so many BFIs have passed the merger proposal,” said Rajan Singh Bhandari, President of Nepal Bankers Association and CEO of Citizens Bank. Bhandari, however, said that only 7-8 commercial banks of the total 31 have passed merger proposal so far. “The AGM of Citizens Bank, too, has endorsed a merger proposal. We have done so to make NRB’s merger policy successful,” said Bhandari.</div>
<div>
</div>
<div>
According to Krishna Raj Lamichhane, president of Development Bankers Association, Nepal, and CEO of Kailash Development Bank, nearly 95 percent development banks have passed merger proposal through their AGMs. “Almost all development banks are ready for merger,” he said, “They are waiting for the right partner.” </div>
<div>
</div>
<div>
Rajendra Man Shakya, President of Nepal Financial Institution Association and CEO of Synergy Finance Company, echoes the same sentiment. “Around 95 per cent finance companies have endorsed merger proposal through their AGMs,” he said, “Most finance companies want to merge with either a development bank or a commercial bank.”</div>',
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Notice (8): Trying to access array offset on value of type null [APP/View/MagazineArticles/view.ctp, line 54]Code Context $user = $this->Session->read('Auth.User');
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<span style="font-size:16px;"><strong>80% BFIs have Passed Merger Proposal</strong></span></div>
<div>
Pressed by the Nepal Rastra Bank (NRB) directives and the need to raise their capital base, nearly 80 per cent of the banks and financial institutions operational at present have passed merger proposals from their annual general meetings (AGM). According to bankers, it is easy to start the merger process once the merger proposal is endorsed by the AGM.</div>
<div>
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<div>
“It is easy to start the merger process with the right partner once a proposal for the merger is passed by the AGM. That’s why the AGMs of so many BFIs have passed the merger proposal,” said Rajan Singh Bhandari, President of Nepal Bankers Association and CEO of Citizens Bank. Bhandari, however, said that only 7-8 commercial banks of the total 31 have passed merger proposal so far. “The AGM of Citizens Bank, too, has endorsed a merger proposal. We have done so to make NRB’s merger policy successful,” said Bhandari.</div>
<div>
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<div>
According to Krishna Raj Lamichhane, president of Development Bankers Association, Nepal, and CEO of Kailash Development Bank, nearly 95 percent development banks have passed merger proposal through their AGMs. “Almost all development banks are ready for merger,” he said, “They are waiting for the right partner.” </div>
<div>
</div>
<div>
Rajendra Man Shakya, President of Nepal Financial Institution Association and CEO of Synergy Finance Company, echoes the same sentiment. “Around 95 per cent finance companies have endorsed merger proposal through their AGMs,” he said, “Most finance companies want to merge with either a development bank or a commercial bank.”</div>',
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<span style="font-size:16px;"><strong>80% BFIs have Passed Merger Proposal</strong></span></div>
<div>
Pressed by the Nepal Rastra Bank (NRB) directives and the need to raise their capital base, nearly 80 per cent of the banks and financial institutions operational at present have passed merger proposals from their annual general meetings (AGM). According to bankers, it is easy to start the merger process once the merger proposal is endorsed by the AGM.</div>
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<div>
“It is easy to start the merger process with the right partner once a proposal for the merger is passed by the AGM. That’s why the AGMs of so many BFIs have passed the merger proposal,” said Rajan Singh Bhandari, President of Nepal Bankers Association and CEO of Citizens Bank. Bhandari, however, said that only 7-8 commercial banks of the total 31 have passed merger proposal so far. “The AGM of Citizens Bank, too, has endorsed a merger proposal. We have done so to make NRB’s merger policy successful,” said Bhandari.</div>
<div>
</div>
<div>
According to Krishna Raj Lamichhane, president of Development Bankers Association, Nepal, and CEO of Kailash Development Bank, nearly 95 percent development banks have passed merger proposal through their AGMs. “Almost all development banks are ready for merger,” he said, “They are waiting for the right partner.” </div>
<div>
</div>
<div>
Rajendra Man Shakya, President of Nepal Financial Institution Association and CEO of Synergy Finance Company, echoes the same sentiment. “Around 95 per cent finance companies have endorsed merger proposal through their AGMs,” he said, “Most finance companies want to merge with either a development bank or a commercial bank.”</div>',
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Notice (8): Trying to access array offset on value of type null [APP/View/MagazineArticles/view.ctp, line 55]Code Context //find the group of logged user
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<span style="font-size:16px;"><strong>80% BFIs have Passed Merger Proposal</strong></span></div>
<div>
Pressed by the Nepal Rastra Bank (NRB) directives and the need to raise their capital base, nearly 80 per cent of the banks and financial institutions operational at present have passed merger proposals from their annual general meetings (AGM). According to bankers, it is easy to start the merger process once the merger proposal is endorsed by the AGM.</div>
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<div>
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<div>
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<div>
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<div>
</div>
<div>
Rajendra Man Shakya, President of Nepal Financial Institution Association and CEO of Synergy Finance Company, echoes the same sentiment. “Around 95 per cent finance companies have endorsed merger proposal through their AGMs,” he said, “Most finance companies want to merge with either a development bank or a commercial bank.”</div>',
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<span style="font-size:16px;"><strong>80% BFIs have Passed Merger Proposal</strong></span></div>
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Pressed by the Nepal Rastra Bank (NRB) directives and the need to raise their capital base, nearly 80 per cent of the banks and financial institutions operational at present have passed merger proposals from their annual general meetings (AGM). According to bankers, it is easy to start the merger process once the merger proposal is endorsed by the AGM.</div>
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include - APP/View/MagazineArticles/view.ctp, line 55
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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
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Notice (8): Undefined index: summary [APP/View/MagazineArticles/view.ctp, line 62]Code Context<?php
echo $this->Html->meta(array('name' => 'description', 'type' => 'meta', 'content' => $magazineArticle['MagazineArticle']['summary']), null, array('inline' => false));?>
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<span style="font-size:16px;"><strong>80% BFIs have Passed Merger Proposal</strong></span></div>
<div>
Pressed by the Nepal Rastra Bank (NRB) directives and the need to raise their capital base, nearly 80 per cent of the banks and financial institutions operational at present have passed merger proposals from their annual general meetings (AGM). According to bankers, it is easy to start the merger process once the merger proposal is endorsed by the AGM.</div>
<div>
</div>
<div>
“It is easy to start the merger process with the right partner once a proposal for the merger is passed by the AGM. That’s why the AGMs of so many BFIs have passed the merger proposal,” said Rajan Singh Bhandari, President of Nepal Bankers Association and CEO of Citizens Bank. Bhandari, however, said that only 7-8 commercial banks of the total 31 have passed merger proposal so far. “The AGM of Citizens Bank, too, has endorsed a merger proposal. We have done so to make NRB’s merger policy successful,” said Bhandari.</div>
<div>
</div>
<div>
According to Krishna Raj Lamichhane, president of Development Bankers Association, Nepal, and CEO of Kailash Development Bank, nearly 95 percent development banks have passed merger proposal through their AGMs. “Almost all development banks are ready for merger,” he said, “They are waiting for the right partner.” </div>
<div>
</div>
<div>
Rajendra Man Shakya, President of Nepal Financial Institution Association and CEO of Synergy Finance Company, echoes the same sentiment. “Around 95 per cent finance companies have endorsed merger proposal through their AGMs,” he said, “Most finance companies want to merge with either a development bank or a commercial bank.”</div>',
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'description' => 'Pressed by the Nepal Rastra Bank (NRB) directives and the need to raise their capital base, nearly 80 per cent of the banks and financial institutions operational at present have passed merger proposals from their annual general meetings (AGM). According to bankers, it is easy to start the merger process once the merger proposal is endorsed by the AGM',
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<span style="font-size:16px;"><strong>80% BFIs have Passed Merger Proposal</strong></span></div>
<div>
Pressed by the Nepal Rastra Bank (NRB) directives and the need to raise their capital base, nearly 80 per cent of the banks and financial institutions operational at present have passed merger proposals from their annual general meetings (AGM). According to bankers, it is easy to start the merger process once the merger proposal is endorsed by the AGM.</div>
<div>
</div>
<div>
“It is easy to start the merger process with the right partner once a proposal for the merger is passed by the AGM. That’s why the AGMs of so many BFIs have passed the merger proposal,” said Rajan Singh Bhandari, President of Nepal Bankers Association and CEO of Citizens Bank. Bhandari, however, said that only 7-8 commercial banks of the total 31 have passed merger proposal so far. “The AGM of Citizens Bank, too, has endorsed a merger proposal. We have done so to make NRB’s merger policy successful,” said Bhandari.</div>
<div>
</div>
<div>
According to Krishna Raj Lamichhane, president of Development Bankers Association, Nepal, and CEO of Kailash Development Bank, nearly 95 percent development banks have passed merger proposal through their AGMs. “Almost all development banks are ready for merger,” he said, “They are waiting for the right partner.” </div>
<div>
</div>
<div>
Rajendra Man Shakya, President of Nepal Financial Institution Association and CEO of Synergy Finance Company, echoes the same sentiment. “Around 95 per cent finance companies have endorsed merger proposal through their AGMs,” he said, “Most finance companies want to merge with either a development bank or a commercial bank.”</div>',
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'description' => 'Pressed by the Nepal Rastra Bank (NRB) directives and the need to raise their capital base, nearly 80 per cent of the banks and financial institutions operational at present have passed merger proposals from their annual general meetings (AGM). According to bankers, it is easy to start the merger process once the merger proposal is endorsed by the AGM',
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include - APP/View/MagazineArticles/view.ctp, line 62
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): Undefined index: summary [APP/View/MagazineArticles/view.ctp, line 68]Code Context echo $this->Html->meta(array('property' => 'og:title', 'type' => 'meta', 'content' => $magazineArticle['MagazineArticle']['title']), null, array('inline' => false));?>
<?php
echo $this->Html->meta(array('property' => 'og:description', 'type' => 'meta', 'content' => $magazineArticle['MagazineArticle']['summary']), null, array('inline' => false));?>
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'short_content' => null,
'content' => '<div>
<span style="font-size:16px;"><strong>80% BFIs have Passed Merger Proposal</strong></span></div>
<div>
Pressed by the Nepal Rastra Bank (NRB) directives and the need to raise their capital base, nearly 80 per cent of the banks and financial institutions operational at present have passed merger proposals from their annual general meetings (AGM). According to bankers, it is easy to start the merger process once the merger proposal is endorsed by the AGM.</div>
<div>
</div>
<div>
“It is easy to start the merger process with the right partner once a proposal for the merger is passed by the AGM. That’s why the AGMs of so many BFIs have passed the merger proposal,” said Rajan Singh Bhandari, President of Nepal Bankers Association and CEO of Citizens Bank. Bhandari, however, said that only 7-8 commercial banks of the total 31 have passed merger proposal so far. “The AGM of Citizens Bank, too, has endorsed a merger proposal. We have done so to make NRB’s merger policy successful,” said Bhandari.</div>
<div>
</div>
<div>
According to Krishna Raj Lamichhane, president of Development Bankers Association, Nepal, and CEO of Kailash Development Bank, nearly 95 percent development banks have passed merger proposal through their AGMs. “Almost all development banks are ready for merger,” he said, “They are waiting for the right partner.” </div>
<div>
</div>
<div>
Rajendra Man Shakya, President of Nepal Financial Institution Association and CEO of Synergy Finance Company, echoes the same sentiment. “Around 95 per cent finance companies have endorsed merger proposal through their AGMs,” he said, “Most finance companies want to merge with either a development bank or a commercial bank.”</div>',
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'description' => 'Pressed by the Nepal Rastra Bank (NRB) directives and the need to raise their capital base, nearly 80 per cent of the banks and financial institutions operational at present have passed merger proposals from their annual general meetings (AGM). According to bankers, it is easy to start the merger process once the merger proposal is endorsed by the AGM',
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<span style="font-size:16px;"><strong>80% BFIs have Passed Merger Proposal</strong></span></div>
<div>
Pressed by the Nepal Rastra Bank (NRB) directives and the need to raise their capital base, nearly 80 per cent of the banks and financial institutions operational at present have passed merger proposals from their annual general meetings (AGM). According to bankers, it is easy to start the merger process once the merger proposal is endorsed by the AGM.</div>
<div>
</div>
<div>
“It is easy to start the merger process with the right partner once a proposal for the merger is passed by the AGM. That’s why the AGMs of so many BFIs have passed the merger proposal,” said Rajan Singh Bhandari, President of Nepal Bankers Association and CEO of Citizens Bank. Bhandari, however, said that only 7-8 commercial banks of the total 31 have passed merger proposal so far. “The AGM of Citizens Bank, too, has endorsed a merger proposal. We have done so to make NRB’s merger policy successful,” said Bhandari.</div>
<div>
</div>
<div>
According to Krishna Raj Lamichhane, president of Development Bankers Association, Nepal, and CEO of Kailash Development Bank, nearly 95 percent development banks have passed merger proposal through their AGMs. “Almost all development banks are ready for merger,” he said, “They are waiting for the right partner.” </div>
<div>
</div>
<div>
Rajendra Man Shakya, President of Nepal Financial Institution Association and CEO of Synergy Finance Company, echoes the same sentiment. “Around 95 per cent finance companies have endorsed merger proposal through their AGMs,” he said, “Most finance companies want to merge with either a development bank or a commercial bank.”</div>',
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'description' => 'Pressed by the Nepal Rastra Bank (NRB) directives and the need to raise their capital base, nearly 80 per cent of the banks and financial institutions operational at present have passed merger proposals from their annual general meetings (AGM). According to bankers, it is easy to start the merger process once the merger proposal is endorsed by the AGM',
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include - APP/View/MagazineArticles/view.ctp, line 68
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Banking News February 2014
80% BFIs have Passed Merger Proposal
Pressed by the Nepal Rastra Bank (NRB) directives and the need to raise their capital base, nearly 80 per cent of the banks and financial institutions operational at present have passed merger proposals from their annual general meetings (AGM). According to bankers, it is easy to start the merger process once the merger proposal is endorsed by the AGM.
“It is easy to start the merger process with the right partner once a proposal for the merger is passed by the AGM. That’s why the AGMs of so many BFIs have passed the merger proposal,” said Rajan Singh Bhandari, President of Nepal Bankers Association and CEO of Citizens Bank. Bhandari, however, said that only 7-8 commercial banks of the total 31 have passed merger proposal so far. “The AGM of Citizens Bank, too, has endorsed a merger proposal. We have done so to make NRB’s merger policy successful,” said Bhandari.
According to Krishna Raj Lamichhane, president of Development Bankers Association, Nepal, and CEO of Kailash Development Bank, nearly 95 percent development banks have passed merger proposal through their AGMs. “Almost all development banks are ready for merger,” he said, “They are waiting for the right partner.”
Rajendra Man Shakya, President of Nepal Financial Institution Association and CEO of Synergy Finance Company, echoes the same sentiment. “Around 95 per cent finance companies have endorsed merger proposal through their AGMs,” he said, “Most finance companies want to merge with either a development bank or a commercial bank.”
