Why delay to final merger process of Himalayan and Investment Bank

Oct Sat 2021 10:53:57

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Why delay to final merger process of Himalayan and Investment Bank

Kathmandu. The merger between Himalayan and Investment Bank has been delayed. A confrontation has been created between the directors and top management of these two banks. Even before the merger, if the two banks merge due to the pressure of the NRB, there is a possibility of mutual disputes and scandals.

With the recent appointment of Prachanda Bahadur Shrestha as the chairman of the board of directors of Himalayan Bank, it is estimated that the merger of the two banks will be split. However, the operators of both the banks have clarified that such assessment is baseless.

Sources said that if the dispute over some issues of the bank is not resolved in time, the merger may be pushed back or split. Lately, the directors of Himalayan Bank have been doing pre-merger work while the directors and top management of Nepal Investment Bank have been behaving like acquisitions and not like mergers. The CEO, director and members of the merger committee of Himalayan Bank are now angry after the CEO of the Investment Bank, Jyoti Pandey, the directors and the officials of the joint merger committee started moving forward on every issue. Even if it is said that there will be integrated business by Pus, the possibility of that has not increased.