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<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Issuing a circular on Monday (January 3), the Department of Bank and Financial institutions of NRB directed the financial institutions willing to go for a merger to submit a plan of action within July 15. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The central bank has directed the institutions having cross holding of shares over 10 percent to opt for merger or acquisition in order to reduce the number of microfinance institutions. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The arrangement will be applicable for the microfinance institutions set up by the commercial banks, development banks and finance companies as promoter shareholders. <em>(With inputs from RSS) </em></span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Issuing a circular on Monday (January 3), the Department of Bank and Financial institutions of NRB directed the financial institutions willing to go for a merger to submit a plan of action within July 15. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The central bank has directed the institutions having cross holding of shares over 10 percent to opt for merger or acquisition in order to reduce the number of microfinance institutions. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The arrangement will be applicable for the microfinance institutions set up by the commercial banks, development banks and finance companies as promoter shareholders. <em>(With inputs from RSS) </em></span></span></span></p>
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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
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Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
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<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Issuing a circular on Monday (January 3), the Department of Bank and Financial institutions of NRB directed the financial institutions willing to go for a merger to submit a plan of action within July 15. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The central bank has directed the institutions having cross holding of shares over 10 percent to opt for merger or acquisition in order to reduce the number of microfinance institutions. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The arrangement will be applicable for the microfinance institutions set up by the commercial banks, development banks and finance companies as promoter shareholders. <em>(With inputs from RSS) </em></span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Issuing a circular on Monday (January 3), the Department of Bank and Financial institutions of NRB directed the financial institutions willing to go for a merger to submit a plan of action within July 15. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The central bank has directed the institutions having cross holding of shares over 10 percent to opt for merger or acquisition in order to reduce the number of microfinance institutions. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The arrangement will be applicable for the microfinance institutions set up by the commercial banks, development banks and finance companies as promoter shareholders. <em>(With inputs from RSS) </em></span></span></span></p>
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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
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
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<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Issuing a circular on Monday (January 3), the Department of Bank and Financial institutions of NRB directed the financial institutions willing to go for a merger to submit a plan of action within July 15. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The central bank has directed the institutions having cross holding of shares over 10 percent to opt for merger or acquisition in order to reduce the number of microfinance institutions. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The arrangement will be applicable for the microfinance institutions set up by the commercial banks, development banks and finance companies as promoter shareholders. <em>(With inputs from RSS) </em></span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Issuing a circular on Monday (January 3), the Department of Bank and Financial institutions of NRB directed the financial institutions willing to go for a merger to submit a plan of action within July 15. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The central bank has directed the institutions having cross holding of shares over 10 percent to opt for merger or acquisition in order to reduce the number of microfinance institutions. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The arrangement will be applicable for the microfinance institutions set up by the commercial banks, development banks and finance companies as promoter shareholders. <em>(With inputs from RSS) </em></span></span></span></p>
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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
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<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Issuing a circular on Monday (January 3), the Department of Bank and Financial institutions of NRB directed the financial institutions willing to go for a merger to submit a plan of action within July 15. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The central bank has directed the institutions having cross holding of shares over 10 percent to opt for merger or acquisition in order to reduce the number of microfinance institutions. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The arrangement will be applicable for the microfinance institutions set up by the commercial banks, development banks and finance companies as promoter shareholders. <em>(With inputs from RSS) </em></span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Issuing a circular on Monday (January 3), the Department of Bank and Financial institutions of NRB directed the financial institutions willing to go for a merger to submit a plan of action within July 15. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The central bank has directed the institutions having cross holding of shares over 10 percent to opt for merger or acquisition in order to reduce the number of microfinance institutions. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The arrangement will be applicable for the microfinance institutions set up by the commercial banks, development banks and finance companies as promoter shareholders. <em>(With inputs from RSS) </em></span></span></span></p>
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January 4: Nepal Rastra Bank (NRB) has instructed finance institutions with cross-holdings to initiate the process of merger or acquisition.
Issuing a circular on Monday (January 3), the Department of Bank and Financial institutions of NRB directed the financial institutions willing to go for a merger to submit a plan of action within July 15.
The central bank has directed the institutions having cross holding of shares over 10 percent to opt for merger or acquisition in order to reduce the number of microfinance institutions.
The arrangement will be applicable for the microfinance institutions set up by the commercial banks, development banks and finance companies as promoter shareholders. (With inputs from RSS)
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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
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Controller::render() - CORE/Cake/Controller/Controller.php, line 968
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Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Issuing a circular on Monday (January 3), the Department of Bank and Financial institutions of NRB directed the financial institutions willing to go for a merger to submit a plan of action within July 15. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The central bank has directed the institutions having cross holding of shares over 10 percent to opt for merger or acquisition in order to reduce the number of microfinance institutions. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The arrangement will be applicable for the microfinance institutions set up by the commercial banks, development banks and finance companies as promoter shareholders. <em>(With inputs from RSS) </em></span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The arrangement will be applicable for the microfinance institutions set up by the commercial banks, development banks and finance companies as promoter shareholders. <em>(With inputs from RSS) </em></span></span></span></p>
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include - APP/View/Elements/side_bar.ctp, line 60
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include - APP/View/Articles/view.ctp, line 391
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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]
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<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Issuing a circular on Monday (January 3), the Department of Bank and Financial institutions of NRB directed the financial institutions willing to go for a merger to submit a plan of action within July 15. </span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The arrangement will be applicable for the microfinance institutions set up by the commercial banks, development banks and finance companies as promoter shareholders. <em>(With inputs from RSS) </em></span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Issuing a circular on Monday (January 3), the Department of Bank and Financial institutions of NRB directed the financial institutions willing to go for a merger to submit a plan of action within July 15. </span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The arrangement will be applicable for the microfinance institutions set up by the commercial banks, development banks and finance companies as promoter shareholders. <em>(With inputs from RSS) </em></span></span></span></p>
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include - APP/View/Elements/side_bar.ctp, line 60
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
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'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">January 4: Nepal Rastra Bank (NRB) has instructed finance institutions with cross-holdings to initiate the process of merger or acquisition.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Issuing a circular on Monday (January 3), the Department of Bank and Financial institutions of NRB directed the financial institutions willing to go for a merger to submit a plan of action within July 15. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The central bank has directed the institutions having cross holding of shares over 10 percent to opt for merger or acquisition in order to reduce the number of microfinance institutions. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The arrangement will be applicable for the microfinance institutions set up by the commercial banks, development banks and finance companies as promoter shareholders. <em>(With inputs from RSS) </em></span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Issuing a circular on Monday (January 3), the Department of Bank and Financial institutions of NRB directed the financial institutions willing to go for a merger to submit a plan of action within July 15. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The central bank has directed the institutions having cross holding of shares over 10 percent to opt for merger or acquisition in order to reduce the number of microfinance institutions. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The arrangement will be applicable for the microfinance institutions set up by the commercial banks, development banks and finance companies as promoter shareholders. <em>(With inputs from RSS) </em></span></span></span></p>
<p> </p>
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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]
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<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Issuing a circular on Monday (January 3), the Department of Bank and Financial institutions of NRB directed the financial institutions willing to go for a merger to submit a plan of action within July 15. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The central bank has directed the institutions having cross holding of shares over 10 percent to opt for merger or acquisition in order to reduce the number of microfinance institutions. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The arrangement will be applicable for the microfinance institutions set up by the commercial banks, development banks and finance companies as promoter shareholders. <em>(With inputs from RSS) </em></span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Issuing a circular on Monday (January 3), the Department of Bank and Financial institutions of NRB directed the financial institutions willing to go for a merger to submit a plan of action within July 15. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The central bank has directed the institutions having cross holding of shares over 10 percent to opt for merger or acquisition in order to reduce the number of microfinance institutions. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The arrangement will be applicable for the microfinance institutions set up by the commercial banks, development banks and finance companies as promoter shareholders. <em>(With inputs from RSS) </em></span></span></span></p>
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