By Monday, July 8, trading of three commercial banks including NMB Bank, Global IME and Janata Bank has been suspended. Meanwhile, the number of commercial banks that submitted written commitment regarding merger in Nepal Rastra Bank (NRB) has reached 15.
The banks that committed to merger are NMB Bank, Mega Bank, Nepal Investment Bank, Civil Bank, NIC Asia Bank, Century Bank, Nepal SBI Bank, Kumari Bank, Himalayan Bnk, NCC Bank, Sunrise Bank, Citizens Bank, Laxmi Bank, Sanima Bank and Machhapuchchhre Bank.
Earlier, NRB directed commercial banks to submit written commitment regarding merger before Monetary Policy. As per NRB, Sangrila Development Bank and Laghubitta Bankers Association has also submitted written commitment for merger and acquisition.
