NRB nods for merging of Small Farmers Development Bank and RMDC

Published On: January 30, 2023 07:09 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Jan 30: Small Farmers Development Bank (SFDB) and RMDC Laghubitta Bittiya Sanstha have been granted the go ahead from Nepal Rastra Bank (NRB) for their merger.

After the NRB principally agreed on the unification of these microfinance companies, it has paved the way for them to go into the merger process. These microfinance companies on September 16 signed a memorandum of understanding to go into merger. SFDB and RMDC have agreed to maintain a swap ratio at 100:87 for the merger.

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