Siddhartha Bank to Merge Seven Branches in Kathmandu, Lalitpur, and Pokhara from Shrawan
Siddhartha Bank has announced the merger of seven of its branches in major cities, with integrated services set to begin on Shrawan 1.
BANKING
Asset Management Company Will Not Solve All Banking Issues Magically and Nepali Banks Are Not in Crisis, Says Nabil Bank CEO Manoj Gyawali
Nabil Bank Chief Executive Officer Manoj Gyawali has clarified that establishing an Asset Management Company will not automatically fix the banking sector’s problems, emphasizing that Nepali banks remain secure despite a rise in bad loans.
Nepal Rastra Bank Lifts Prompt Corrective Action on Pokhara Finance Limited
Nepal Rastra Bank has lifted the Prompt Corrective Action on Pokhara Finance Limited following its successful merger with Samriddhi Finance Company Limited.