Merger of banks and financial institutions Share trading should not be suspended

Jul Fri 2022 03:50:21

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Merger of banks and financial institutions Share trading should not be suspended

Kathmandu. Share transactions of banks and financial institutions that are going to merge will not be stopped. Announcing the monetary policy for the upcoming fiscal year 2079/80, the Governor of Nepal Rastra Bank Mahaprasad Adhikari said that the suspension of share transactions of the institutions going to merger will be as per the rules of the Securities Board.

At present, according to the Merger and Acquisition Regulations, the share transactions of the banks that are going to be merged have been going through the roof. According to the suggestion of Nepal Securities Board, Nepal Rastra Bank has brought such a provision.