Kathmandu. So far, 255 banks and financial institutions have merged. This is after the merger process brought by Nepal Rastra Bank. In the data of the current economic and financial situation of the country published by the National Bank on Thursday, it is mentioned that, 'For the purpose of strengthening financial stability, after this bank started the process of merger/merger and acquisition of banks and financial institutions, a total of 255 banks and financial institutions are in the process of merger/acquisition until the end of December 2079. Out of this, the licenses of 183 organizations have been revoked and 72 organizations have been established.

Similarly, financial access has been extended to 752 branches of commercial banks out of a total of 753 local levels till December 2079. By December 2078, 750 branches of commercial banks had been expanded at the local level. The number of banks and financial institutions licensed by Rastra Bank is 121 at the end of January 2079.

Out of these, 22 commercial banks, 17 development banks, 17 finance companies, 64 microfinance financial institutions and 1 infrastructure development bank are operating. The number of branches of banks and financial institutions increased from 11,528 at the end of June 2079 to 11,588 at the end of December 2079.