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Similarly, BFIs short of capital adequacy ratio as directed by the regulator are also eligible for the merger and acquisition. However, the merged entity must have the pre-settled capital adequacy ratio. Troubled institutions, however, are eligible for acquisition only. According to stakeholders, the new bylaw will provide additional pace to merger process by addressing the previously existed problems.</p>
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<p style="text-align:justify">The new Bylaws has expanded the <span style="line-height:20.8px">merger and acquisition </span><span style="line-height:1.6">requirements</span><span style="line-height:1.6"> for BFIs. Earlier, only A, B and C class BFIs who have issued equity shares to general public were eligible for merger and acquisition. However, with the new Bylaws in place, </span><span style="line-height:20.8px">BFIs who have </span><span style="line-height:20.8px">not issued shares to general public are also eligible for </span><span style="line-height:1.6">merger and acquisition</span><span style="line-height:1.6">. Nevertheless, it is mandatory for the entity formed after merger or acquisition to have 30 percent shares owned by the general public. BFIs lacking such proportionate share ownership should achieve the share proportion by issuing additional shares to general public. </span></p>
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Similarly, BFIs short of capital adequacy ratio as directed by the regulator are also eligible for the merger and acquisition. However, the merged entity must have the pre-settled capital adequacy ratio. Troubled institutions, however, are eligible for acquisition only. According to stakeholders, the new bylaw will provide additional pace to merger process by addressing the previously existed problems.</p>
<p style="text-align:justify"> <br />
Similarly, the new Bylaws has also has provision of the formulation of mechanism for determination of swap ratio. “In the recent days, BFIs have increasingly scrapped the merger process citing the expert determined swap ratio unsatisfactory which have been corrected,” said a NRB source. </p>
<p style="text-align:justify"><br />
The swap determination process performed during the merger process has been modified. Under the new mechanism, swap ratio shall be determined through mathematical formulae based on scientific and logical procedure. The formulae will calculate net asset per share also considering the market share price of the listed company and determine the swap ratio. </p>
<p style="text-align:justify">Similarly, the new bylaw has formed a mechanism under which NRB may take action against those BFIs who scrap merger or acquisitions after the initiation of the process. However, the aspects of the action will be announced after formulating the work plan. NRB has already started preparations regarding the formulation of work plan. Moreover, NRB may also take action against the officials of the merger scrapping BFIs. If it is evident that any officials play any role in breaking merger process, then such officials may declared ineligible for the post. </p>
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Similarly, BFIs short of capital adequacy ratio as directed by the regulator are also eligible for the merger and acquisition. However, the merged entity must have the pre-settled capital adequacy ratio. Troubled institutions, however, are eligible for acquisition only. According to stakeholders, the new bylaw will provide additional pace to merger process by addressing the previously existed problems.</p>
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Similarly, BFIs short of capital adequacy ratio as directed by the regulator are also eligible for the merger and acquisition. However, the merged entity must have the pre-settled capital adequacy ratio. Troubled institutions, however, are eligible for acquisition only. According to stakeholders, the new bylaw will provide additional pace to merger process by addressing the previously existed problems.</p>
<p style="text-align:justify"> <br />
Similarly, the new Bylaws has also has provision of the formulation of mechanism for determination of swap ratio. “In the recent days, BFIs have increasingly scrapped the merger process citing the expert determined swap ratio unsatisfactory which have been corrected,” said a NRB source. </p>
<p style="text-align:justify"><br />
The swap determination process performed during the merger process has been modified. Under the new mechanism, swap ratio shall be determined through mathematical formulae based on scientific and logical procedure. The formulae will calculate net asset per share also considering the market share price of the listed company and determine the swap ratio. </p>
<p style="text-align:justify">Similarly, the new bylaw has formed a mechanism under which NRB may take action against those BFIs who scrap merger or acquisitions after the initiation of the process. However, the aspects of the action will be announced after formulating the work plan. NRB has already started preparations regarding the formulation of work plan. Moreover, NRB may also take action against the officials of the merger scrapping BFIs. If it is evident that any officials play any role in breaking merger process, then such officials may declared ineligible for the post. </p>
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<p style="text-align:justify"><br />
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Similarly, BFIs short of capital adequacy ratio as directed by the regulator are also eligible for the merger and acquisition. However, the merged entity must have the pre-settled capital adequacy ratio. Troubled institutions, however, are eligible for acquisition only. According to stakeholders, the new bylaw will provide additional pace to merger process by addressing the previously existed problems.</p>
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Similarly, the new Bylaws has also has provision of the formulation of mechanism for determination of swap ratio. “In the recent days, BFIs have increasingly scrapped the merger process citing the expert determined swap ratio unsatisfactory which have been corrected,” said a NRB source. </p>
<p style="text-align:justify"><br />
The swap determination process performed during the merger process has been modified. Under the new mechanism, swap ratio shall be determined through mathematical formulae based on scientific and logical procedure. The formulae will calculate net asset per share also considering the market share price of the listed company and determine the swap ratio. </p>
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Similarly, the new Bylaws has also has provision of the formulation of mechanism for determination of swap ratio. “In the recent days, BFIs have increasingly scrapped the merger process citing the expert determined swap ratio unsatisfactory which have been corrected,” said a NRB source. </p>
<p style="text-align:justify"><br />
The swap determination process performed during the merger process has been modified. Under the new mechanism, swap ratio shall be determined through mathematical formulae based on scientific and logical procedure. The formulae will calculate net asset per share also considering the market share price of the listed company and determine the swap ratio. </p>
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September 9: Nepal Rastra Bank (NRB) has introduced new measures regarding the merger and acquisition of banks and financial institutions (BFIs). Publishing a new BFIs Merger and Acquisition Bylaws, 2073 on Thursday, NRB has tried to address the problems relating to merger and acquisition of BFIs in the recent days. The new Bylaws has combined the previous separate bylaws of merger and acquisition.
The new Bylaws has expanded the merger and acquisition requirements for BFIs. Earlier, only A, B and C class BFIs who have issued equity shares to general public were eligible for merger and acquisition. However, with the new Bylaws in place, BFIs who have not issued shares to general public are also eligible for merger and acquisition. Nevertheless, it is mandatory for the entity formed after merger or acquisition to have 30 percent shares owned by the general public. BFIs lacking such proportionate share ownership should achieve the share proportion by issuing additional shares to general public.
Similarly, BFIs short of capital adequacy ratio as directed by the regulator are also eligible for the merger and acquisition. However, the merged entity must have the pre-settled capital adequacy ratio. Troubled institutions, however, are eligible for acquisition only. According to stakeholders, the new bylaw will provide additional pace to merger process by addressing the previously existed problems.
Similarly, the new Bylaws has also has provision of the formulation of mechanism for determination of swap ratio. “In the recent days, BFIs have increasingly scrapped the merger process citing the expert determined swap ratio unsatisfactory which have been corrected,” said a NRB source.
The swap determination process performed during the merger process has been modified. Under the new mechanism, swap ratio shall be determined through mathematical formulae based on scientific and logical procedure. The formulae will calculate net asset per share also considering the market share price of the listed company and determine the swap ratio.
Similarly, the new bylaw has formed a mechanism under which NRB may take action against those BFIs who scrap merger or acquisitions after the initiation of the process. However, the aspects of the action will be announced after formulating the work plan. NRB has already started preparations regarding the formulation of work plan. Moreover, NRB may also take action against the officials of the merger scrapping BFIs. If it is evident that any officials play any role in breaking merger process, then such officials may declared ineligible for the post.
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Similarly, BFIs short of capital adequacy ratio as directed by the regulator are also eligible for the merger and acquisition. However, the merged entity must have the pre-settled capital adequacy ratio. Troubled institutions, however, are eligible for acquisition only. According to stakeholders, the new bylaw will provide additional pace to merger process by addressing the previously existed problems.</p>
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Similarly, the new Bylaws has also has provision of the formulation of mechanism for determination of swap ratio. “In the recent days, BFIs have increasingly scrapped the merger process citing the expert determined swap ratio unsatisfactory which have been corrected,” said a NRB source. </p>
<p style="text-align:justify"><br />
The swap determination process performed during the merger process has been modified. Under the new mechanism, swap ratio shall be determined through mathematical formulae based on scientific and logical procedure. The formulae will calculate net asset per share also considering the market share price of the listed company and determine the swap ratio. </p>
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<p style="text-align:justify"><br />
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Similarly, BFIs short of capital adequacy ratio as directed by the regulator are also eligible for the merger and acquisition. However, the merged entity must have the pre-settled capital adequacy ratio. Troubled institutions, however, are eligible for acquisition only. According to stakeholders, the new bylaw will provide additional pace to merger process by addressing the previously existed problems.</p>
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<p style="text-align:justify"><br />
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'title' => 'NRB Rolls Out New Bylaws on BFIs M&A',
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'summary' => 'September 9: Nepal Rastra Bank (NRB) has introduced new measures regarding merger and acquisition of banks and financial institutions (BFIs). Releasing a new BFIs Merger and Acquisition Bylaws 2073 on Thursday, NRB has tried to address the problems relating with merger and acquisition of BFIs in recent days. The new bylaw has com',
'content' => '<p style="text-align:justify">September 9: Nepal Rastra Bank (NRB) has introduced new measures regarding the merger and acquisition of banks and financial institutions (BFIs). Publishing a new BFIs Merger and Acquisition Bylaws, 2073 on Thursday, NRB has tried to address the problems relating to merger and acquisition of BFIs in the recent days. The new Bylaws has combined the previous separate bylaws of merger and acquisition. </p>
<p style="text-align:justify">The new Bylaws has expanded the <span style="line-height:20.8px">merger and acquisition </span><span style="line-height:1.6">requirements</span><span style="line-height:1.6"> for BFIs. Earlier, only A, B and C class BFIs who have issued equity shares to general public were eligible for merger and acquisition. However, with the new Bylaws in place, </span><span style="line-height:20.8px">BFIs who have </span><span style="line-height:20.8px">not issued shares to general public are also eligible for </span><span style="line-height:1.6">merger and acquisition</span><span style="line-height:1.6">. Nevertheless, it is mandatory for the entity formed after merger or acquisition to have 30 percent shares owned by the general public. BFIs lacking such proportionate share ownership should achieve the share proportion by issuing additional shares to general public. </span></p>
<p style="text-align:justify"><br />
Similarly, BFIs short of capital adequacy ratio as directed by the regulator are also eligible for the merger and acquisition. However, the merged entity must have the pre-settled capital adequacy ratio. Troubled institutions, however, are eligible for acquisition only. According to stakeholders, the new bylaw will provide additional pace to merger process by addressing the previously existed problems.</p>
<p style="text-align:justify"> <br />
Similarly, the new Bylaws has also has provision of the formulation of mechanism for determination of swap ratio. “In the recent days, BFIs have increasingly scrapped the merger process citing the expert determined swap ratio unsatisfactory which have been corrected,” said a NRB source. </p>
<p style="text-align:justify"><br />
The swap determination process performed during the merger process has been modified. Under the new mechanism, swap ratio shall be determined through mathematical formulae based on scientific and logical procedure. The formulae will calculate net asset per share also considering the market share price of the listed company and determine the swap ratio. </p>
<p style="text-align:justify">Similarly, the new bylaw has formed a mechanism under which NRB may take action against those BFIs who scrap merger or acquisitions after the initiation of the process. However, the aspects of the action will be announced after formulating the work plan. NRB has already started preparations regarding the formulation of work plan. Moreover, NRB may also take action against the officials of the merger scrapping BFIs. If it is evident that any officials play any role in breaking merger process, then such officials may declared ineligible for the post. </p>
<p> </p>
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<p style="text-align:justify">The new Bylaws has expanded the <span style="line-height:20.8px">merger and acquisition </span><span style="line-height:1.6">requirements</span><span style="line-height:1.6"> for BFIs. Earlier, only A, B and C class BFIs who have issued equity shares to general public were eligible for merger and acquisition. However, with the new Bylaws in place, </span><span style="line-height:20.8px">BFIs who have </span><span style="line-height:20.8px">not issued shares to general public are also eligible for </span><span style="line-height:1.6">merger and acquisition</span><span style="line-height:1.6">. Nevertheless, it is mandatory for the entity formed after merger or acquisition to have 30 percent shares owned by the general public. BFIs lacking such proportionate share ownership should achieve the share proportion by issuing additional shares to general public. </span></p>
<p style="text-align:justify"><br />
Similarly, BFIs short of capital adequacy ratio as directed by the regulator are also eligible for the merger and acquisition. However, the merged entity must have the pre-settled capital adequacy ratio. Troubled institutions, however, are eligible for acquisition only. According to stakeholders, the new bylaw will provide additional pace to merger process by addressing the previously existed problems.</p>
<p style="text-align:justify"> <br />
Similarly, the new Bylaws has also has provision of the formulation of mechanism for determination of swap ratio. “In the recent days, BFIs have increasingly scrapped the merger process citing the expert determined swap ratio unsatisfactory which have been corrected,” said a NRB source. </p>
<p style="text-align:justify"><br />
The swap determination process performed during the merger process has been modified. Under the new mechanism, swap ratio shall be determined through mathematical formulae based on scientific and logical procedure. The formulae will calculate net asset per share also considering the market share price of the listed company and determine the swap ratio. </p>
<p style="text-align:justify">Similarly, the new bylaw has formed a mechanism under which NRB may take action against those BFIs who scrap merger or acquisitions after the initiation of the process. However, the aspects of the action will be announced after formulating the work plan. NRB has already started preparations regarding the formulation of work plan. Moreover, NRB may also take action against the officials of the merger scrapping BFIs. If it is evident that any officials play any role in breaking merger process, then such officials may declared ineligible for the post. </p>
<p> </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
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
