Kathmandu. According to Nepal Rastra Bank's policy to reduce the number of commercial banks, 12 commercial banks have chosen the merger route recently.

Ratnaraj Bajracharya is the CEO of Global IME Bank, which became a big bank after the merger, while Gyanendra Dhungana is the CEO of Nabil Bank. Similarly, while Ashok Shamser Rana is the CEO of Himalayan Bank, Jyoti Prakash Pandey is handling the command of Nepal Investment. On the other hand, Ashok Sherchan will be the CEO of Prabhu Bank, another big bank, while Ramesh Aryal will be the CEO of Kumari Bank.

The wave of mega mergers started with the acquisition of Janata Bank by Global IME Bank. Then Nabil Bank merged with Nepal Bangladesh Bank and recently Kumari Bank merged with NCC Bank and started integrated business.

Now on 25th of January, Global and BOK, on 26th of January Prabhu and Mega are starting integrated business, while Nepal Investment and Mega Bank are also preparing for integrated business within this month, the integrated business between Himalayan and Civil Bank, which is in the process of merger, will start after the second week of January. It's just going to happen. The merger discussion between Lakshmi and Sunrise Bank has also started.

What is the paid up capital of which bank?

After the merger with BOK, the total paid-up capital of Global IME Bank will be 35.77 billion. Similarly, after merging with NB Bank, Nabil Bank's original paid-up capital is 28 billion 50 million. After the merger of Prabhu and Century, the total paid up capital will be 22 billion 25 crores. After the merger of Nepal Investment and Mega, the total paid-up capital will be 32.81 billion, while the total paid-up capital of Himalayan and Civil Bank will be 22.3 billion. Similarly, when NCC and Kumari Bank became one, the total paid-up capital reached 26 billion 230 million.

The number of commercial banks is decreasing to 21: Recently, there were 28 commercial banks, after merging with Janata Global, they were included in 27, while after NB Bank was merged with Nabil, it was reduced to 26. Now the number of commercial banks will decrease to 21 after 10 banks will be reduced to five. The National Bank has set a minimum paid-up capital of 8 billion for commercial banks.