NRB Grants Final Approval for Merger of Samriddhi Finance and Pokhara Finance
Summary
Nepal Rastra Bank has granted final approval for the merger of Samriddhi Finance Company Limited and Pokhara Finance Limited, allowing them to start integrated operations soon.
Key Points
- Nepal Rastra Bank gave final approval for the merger of Samriddhi Finance and Pokhara Finance.
- The two institutions signed a merger agreement on Shrawan 4, 2082.
- The merged entity will operate under the name Samriddhi Finance Company Limited with its central office in Pokhara.
- The merger coordinator for Samriddhi Finance is Sudip Ghimire and for Pokhara Finance is Til Bahadur Gurung.
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