Kathmandu. Laxmi Bank and Sunrise Bank merged with each other and started integrated business. After this merger, which took place under the pressure of the central bank, first of all, high-ranking employees were forced to leave their jobs. For this, 'Lakshmi Sunrise Bank' is going to launch an attractive Voluntary Retirement Scheme (VRS) which will provide 24 months i.e. two years salary facility.

According to bank sources, the employees can participate in such retirement plan till the first week of July. It is a very rare opportunity for employees to be able to sustain life even after being unemployed for 2 years. But this can be a new challenge for the employees who have reached the highest level.

They are not considered suitable to go to another bank to work at a lower level. Many of them have the desire to reach the role they played earlier and even higher. But as the process of mergers and acquisitions of banks is increasing, the market for high-ranking bankers has narrowed.

Due to the merger, one more chief executive officer (CEO) has become unemployed. Sunrise Bank CEO Suman Sharma has left. Ajay Vikram Shah of Lakshmi Bank will remain the CEO even after the merger, Sharma has left. Raman Nepal will continue as the chairman of the board of directors of the bank. He was previously the Chairman of Laxmi Bank and is the Executive Director of Citizens Investment Fund.

It remains to be seen who will be made unemployed by the new voluntary retirement scheme. But high-ranking employees are the first to be targeted. As the chairman and CEO came from Lakshmi, there is a possibility that most of Lakshmi's top officials will remain in their jobs, sources related to the bank have informed. Apart from CEO Sharma, three other people are working as Deputy Chief Executives in Sunrise. Aarti Rajyalakshmi Rana and Apachkumar Yadav are Deputy CEOs while Rowin Nepal is the Deputy General Manager. Apart from this, Hariprasad Acharya and Ishwar Kumar Pathak are working as Assistant General Managers.

Laxmi Bank currently has only Sumed Bhattarai as Deputy CEO. The bank's board of directors and chief executive are in the strategy of adding at most one more deputy CEO when Sunrise is merged. If this happens, 2 out of three employees of the deputy executive position who leave Sunrise will have to wash their hands from their jobs. It will be equally difficult to adjust the heads of departments and other senior positions.

Not only in the management of high-ranking employees, it seems that the merger of these two banks will also make it difficult to reconcile the conflict of interests of two large corporate families.