Kathmandu. The merger between Himalayan Bank and Nepal Investment Bank, which had been in the process for a long time, broke down. The merger process between the two banks has failed after the annual general meeting of Himalayan Bank on January 12 rejected the merger proposal.

It has been more than two and a half months since the merger process failed. However, no demerge has taken place between the two banks so far and the share trading of the bank, which has been suspended for a year, has not been completed.

Investors are frustrated that the share trading, which has been closed for a year for the sake of merger, has not been reopened even after the completion of the merger process. However, the concerned bodies are silent on the issue of opening share trading.

Share trading of both the banks was stopped by the Nepal Stock Exchange (NEPSE) on April 15. Nepal Rastra Bank, Nepse and related banks do not seem to be ready to reopen the shares even after a long period of suspension. According to Nepal Rastra Bank, the merger committee of both the banks has reached NRB for demerge. NRB sources said that the process of demerge has also been taken forward by NRB.

If NRB takes action against both the banks, it will take some time for the bank's share trading to reopen. If no action is taken, NRB will send a letter to Nepse requesting for Fukuwa's share trading. Nepse spokesperson Murahari Parajuli says that Nepse will sell the shares after receiving a letter from the National Bank.

The assets of the share investors of the two banks have been frozen in the share market. They have not been able to trade shares for a year.