Pokhara Finance and Samriddhi Finance Receive NRB’s In-Principle Approval for Merger
Summary
Pokhara Finance Limited and Samriddhi Finance Company Limited have received in-principle approval from Nepal Rastra Bank to proceed with their merger, aiming to enhance financial stability and service delivery.
Key Points
- Pokhara Finance Limited received in-principle approval from Nepal Rastra Bank for merger with Samriddhi Finance Company Limited.
- Both institutions have signed a merger agreement and jointly applied to NRB for approval.
- NRB has mandated completion of merger procedures, including special resolutions from their general assemblies within three months.
- The merger aims to strengthen financial stability, competitiveness, and operational efficiency in Nepal's finance sector.
