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<p><span style="font-size:14px"><strong>The central bank wanted the two banks to merge to dilute the shares of NB Group, whose members have been accused of financial mismanagement. Now after the new NRB policy to increase the minimum paid-up capital to Rs 8 billion, the group’s stake in the two banks will automatically get diluted as the group will not be able to invest more in the banks.</strong></span></p>
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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:14px"><strong>“The bank's investors and employees were also not interested to go for merger. We had put in lot of efforts to make the banks merge,” says Nepal Rastra Bank official. </strong></span></p>
<p><span style="font-size:14px"><strong>The central bank wanted the two banks to merge to dilute the shares of NB Group, whose members have been accused of financial mismanagement. Now after the new NRB policy to increase the minimum paid-up capital to Rs 8 billion, the group’s stake in the two banks will automatically get diluted as the group will not be able to invest more in the banks.</strong></span></p>
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<p><span style="font-size:14px"><strong>“The bank's investors and employees were also not interested to go for merger. We had put in lot of efforts to make the banks merge,” says Nepal Rastra Bank official. </strong></span></p>
<p><span style="font-size:14px"><strong>The central bank wanted the two banks to merge to dilute the shares of NB Group, whose members have been accused of financial mismanagement. Now after the new NRB policy to increase the minimum paid-up capital to Rs 8 billion, the group’s stake in the two banks will automatically get diluted as the group will not be able to invest more in the banks.</strong></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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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:14px"><strong>“The bank's investors and employees were also not interested to go for merger. We had put in lot of efforts to make the banks merge,” says Nepal Rastra Bank official. </strong></span></p>
<p><span style="font-size:14px"><strong>The central bank wanted the two banks to merge to dilute the shares of NB Group, whose members have been accused of financial mismanagement. Now after the new NRB policy to increase the minimum paid-up capital to Rs 8 billion, the group’s stake in the two banks will automatically get diluted as the group will not be able to invest more in the banks.</strong></span></p>
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<p><span style="font-size:14px"><strong>The central bank wanted the two banks to merge to dilute the shares of NB Group, whose members have been accused of financial mismanagement. Now after the new NRB policy to increase the minimum paid-up capital to Rs 8 billion, the group’s stake in the two banks will automatically get diluted as the group will not be able to invest more in the banks.</strong></span></p>
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September 24: Nepal Bangladesh Bank and Nepal Credit and Commerce Bank (NCC) have called off their merger process.
“The bank's investors and employees were also not interested to go for merger. We had put in lot of efforts to make the banks merge,” says Nepal Rastra Bank official.
The central bank wanted the two banks to merge to dilute the shares of NB Group, whose members have been accused of financial mismanagement. Now after the new NRB policy to increase the minimum paid-up capital to Rs 8 billion, the group’s stake in the two banks will automatically get diluted as the group will not be able to invest more in the banks.
At present paid-up capital of NCC bank is Rs.2.28 billion, and NB group has 30 percent share in the bank. But, with the issue of new directives by NRB, this figure will go down to 7.60 percent. Similarly, NB bank's paid up capital is Rs.2.43 billion; NB groups' stake there is 9 percent . When NB Bank raises its capital to Rs 8 billion, NB group’s stake will be limited to 2.73 percent.
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simplexml_load_file - [internal], line ??
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
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::render() - CORE/Cake/View/View.php, line 473
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[main] - APP/webroot/index.php, line 117
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<p><span style="font-size:14px"><strong>The central bank wanted the two banks to merge to dilute the shares of NB Group, whose members have been accused of financial mismanagement. Now after the new NRB policy to increase the minimum paid-up capital to Rs 8 billion, the group’s stake in the two banks will automatically get diluted as the group will not be able to invest more in the banks.</strong></span></p>
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<p><span style="font-size:14px"><strong>“The bank's investors and employees were also not interested to go for merger. We had put in lot of efforts to make the banks merge,” says Nepal Rastra Bank official. </strong></span></p>
<p><span style="font-size:14px"><strong>The central bank wanted the two banks to merge to dilute the shares of NB Group, whose members have been accused of financial mismanagement. Now after the new NRB policy to increase the minimum paid-up capital to Rs 8 billion, the group’s stake in the two banks will automatically get diluted as the group will not be able to invest more in the banks.</strong></span></p>
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<p><span style="font-size:14px"><strong>“The bank's investors and employees were also not interested to go for merger. We had put in lot of efforts to make the banks merge,” says Nepal Rastra Bank official. </strong></span></p>
<p><span style="font-size:14px"><strong>The central bank wanted the two banks to merge to dilute the shares of NB Group, whose members have been accused of financial mismanagement. Now after the new NRB policy to increase the minimum paid-up capital to Rs 8 billion, the group’s stake in the two banks will automatically get diluted as the group will not be able to invest more in the banks.</strong></span></p>
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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
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View::render() - CORE/Cake/View/View.php, line 473
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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
