KATHMANDU, July 31: The Nepal Insurance Authority (NIA) has stepped up efforts for forced merger of those insurance companies which neglected the regulator’s directive to raise their capital bases.

KATHMANDU, July 11: Laxmi Sunrise Bank Limited, an entity formed by the merger of Laxmi Bank Limited (LBL) and Sunrise Bank Limited (SBL), is ready to carry out joint operations from Friday.

KATHMANDU, June 6: Nepal Rastra Bank (NRB), in a bid to facilitate big mergers of commercial banks, has announced to provide a number of benefits to the unified entity if they carry out joint transactions by mid-July.

KATHMANDU, Feb 1: Nepal Insurance Authority (NIA) on Wednesday gave an ultimatum of next one week to Nepal Insurance, IME General Insurance and Prudential Insurance to conclude their merger plan.

KATHMANDU, Jan 31: Sagarmatha Insurance Company (SIC) and Lumbini General Insurance Company (LGIC) on Tuesday signed a final agreement to merge.

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.

KATHMANDU, Dec 14: Global IME Bank Limited (GIBL) and Bank of Kathmandu (BoK), which are in the process of merger, have sought the final approval from Nepal Rastra Bank (NRB).

KATHMANDU, Nov 30: Nepal Investment Bank Limited (NIBL) and Mega Bank have signed a final draft of Memorandum of Understanding (MoU) for a merger. A meeting of the Board of Directors of both the banks have endorsed the document and exchanged it, paving the way for merging the institutions.

KATHMANDU, Nov 10: The Securities Board of Nepal (SEBON) has scrapped the provision to hold share transactions of the companies which enter the process for merger or acquisition.

KATHMANDU, Sept 10: The Kathmandu Valley-based cooperatives have geared up for merger mainly after the cooperatives started to face the problem of liquidity crunch recently.

KATHMANDU, Sept 5: The Department of Cooperatives (DoC) has endorsed new guidelines for the cooperatives looking for their merger. The new guidelines seek to prevent rampant merging of cooperatives in the aftermath of the cooperatives facing financial problems.

Five cooperatives ink merger deal

August 29, 2022 06:20 am

KATHMANDU, August 29: Nepali cooperatives have stepped up efforts for merger at a time when a large number of banks and insurance companies have been looking forward to unification.

KATHMANDU, August 27: The Insurance Board (IB) has opened licenses for micro insurance companies, contradicting its own policy to reduce the number of insurers operating in the country.

KATHMANDU, July 17: Prabhu Insurance Limited (PIL) and Ajod Insurance Limited (AIL) have agreed to go into a merger.

SIC and LGIC strike merger deal

July 14, 2022 19:02 pm

KATHMANDU, July 14: Sagarmatha Insurance Company (SIC) and Lumbini General Insurance Company (LGIC) on Thursday signed a memorandum of understanding for merger.

KATHMANDU, June 16: Global IME Bank Limited (GIBL) and Bank of Kathmandu (BoK) on Thursday signed a Memorandum of Understanding for merger.

KATHMANDU, June 1: Everest Insurance Company (EIC) and Himalayan General Insurance Company (HGIC) have called their special general meetings to endorse their merger plan.

KATHMANDU, May 12: Three life insurance companies—Prime Life, Union Life and Gurans Life—signed an agreement for merger on Thursday. Provided the merging of these insurers is materialized, it will be the first merger in the life insurance business of the country.

KATHMANDU, Jan 16: Nepal Rastra Bank (NRB) is mulling over taking action against Himalayan Bank Limited (HBL) and Nepal Investment Bank Limited (NIBL), which have failed to conclude their merger plan despite signing officially an agreement for unification.

KATHMANDU, Jan 15: The much-hyped merger between Himalayan Bank Limited (HBL) and Nepal Investment Bank Limited (NIBL) has fallen uncertain after the majority of shareholders of HBL did not give consent to the bank’s prior plan.

KATHMANDU, Dec 30: Nepal Investment Bank Limited (NIBL) has scheduled its special annual general meeting (AGM) for January 18 to expedite its plan to merge with Himalayan Bank Limited (HBL).

KATHMANDU, Dec 26: Himalayan Bank Limited (HBL) has scheduled its annual general meeting (AGM) for January 14, which is likely to endorse the bank’s merger with Nepal Investment Bank Limited (NIBL), which has been going at a slow pace.

KATHMANDU, Dec 5: Himalayan Bank Limited (HBL) and Nepal Investment Bank Limited (NIBL), which have been in the merging process, have requested Nepal Rastra Bank (NRB) to extend the deadline to complete the final unification process between the two banks.

KATHMANDU, April 23: On the eve of the 14th Loktantra Diwas, PM KP Sharma Oli orchestrated a massive political drama, eclipsing Sher Bahadur Deuba’s long-forgotten strategy of flipping members of parliament overnight. Biswadeep Pandey, deputy chief of central communication department and central committee member of Samajwadi party, has been tweeting (@BishwadeepP) the political drama since late last night. He Tweeted at 7:43PM last night, saying that the former state minister of health and central committee member of Samajwadi Party, Dr. Surendra Yadav, was “kidnapped from his home in Janakpur and was brought to Kathmandu, on the direct orders from PM Oli”.

SPN, RJPN merger heading nowhere

July 28, 2019 06:00 am

KATHMANDU, July 28: Informal talks between Samajwadi Party Nepal (SPN) and Rastriya Janata Party Nepal (RJPN) to take forward the proposed merger appear to be going nowhere with leaders failing to reach an understanding on leadership and support to the government.

KATHMANDU, July 19: Rastriya Janata Party Nepal (RJPN) leader Rajendra Mahato has said that 'dubious stance' of the Samajbadi Party Nepal (SPN) was stopping the two parties from reaching a merger deal.

KATHMANDU, July 18: A daunting task of managing key leaders now stares the Nepal Communist Party (NCP) despite its success in sorting out issues related to power-sharing.

KATHMANDU, July 17: More than a year and a half since the announcement of the merger between two big communist parties -- CPN-UML and CPN (Maoist Center) -- to form Nepal Communist Party (NCP), leaders on Tuesday announced that they have concluded the party merger process by deciding the remaining work of unification.

NCP party merger process concluded

July 16, 2019 19:20 pm

KATHMANDU, July 16: The process of party merger of Nepal Communist Party (NCP) has concluded on Tuesday.

KATHMANDU, July 6: Global IME Bank Ltd and Janata Bank Ltd have agreed to merge, becoming the first pair to announce their intent to amalgamate after the government took a formal policy to encourage ‘big’ merger through the budget for the upcoming fiscal year 2019/20.

KATHMANDU, July 5: In line with the recent instruction of Nepal Rastra Bank Governor Chiranjivi Nepal, Global IME Bank and Janata Bank have signed a memorandum of understanding (MoU) on Friday to go into the merger.

KATHMANDU, July 5: In line with the recent instruction of Nepal Rastra Bank Governor Chiranjivi Nepal, Global IME Bank and Janata Bank have signed a memorandum of understanding (MoU) on Friday to go into the merger.

KATHMANDU, July 5: Seven commercial banks have submitted their written commitment to the Nepal Rastra Bank (NRB) for merger in line with recent instruction of Governor Chiranjibi Nepal.

KATHMANDU, July 2: The Rastriya Janata Party Nepal (RJPN) and Samajbadi Party Nepal (SPN) have intensified informal negotiation for merger.

KATHMANDU, June 28: Nepal Rastra Bank (NRB) has sought commitments from the commercial banks for their readiness to go for 'big' merger and acquisition (M&A) in line with the announcement made in the budget speech for the upcoming fiscal year 2019/20.

Merger benefits

June 18, 2019 00:30 am

Merger and acquisition contributes to raising the capital of the bank which will enhance its lending capacity and strengthen financial health

KATHMANDU, June 14: Governor of the Nepal Rastra Bank Chiranjivi Nepal on Friday appealed all the microfinance institutions (MFIS) to opt for merger.

KATHMANDU, May 18: Failing to merge the committees and wings of the two former parties – UML and Maoist -- into singular entities even months after their unification pledges, the top leaders of the NCP have come up with a formula.

KATHMANDU, April 22: As a three-day meeting of the Rastriya Janata Party Nepal (RJPN) kicks off in the capital Monday, the party’s proposed merger with the Federal Socialist Forum Nepal (FSFN) is expected to top the meeting’s agenda.

KATHMANDU, April 21: The Federal Socialist Forum Nepal (FSFN) and Rastriya Janata Party Nepal (RJPN) face an uphill battle to accommodate the aspirations of top leaders as the two Madhes-based parties start merger talks.

RJPN and FSFN revive merger process

March 21, 2019 05:00 am

KATHMANDU, March 21: The Rastriya Janata Party Nepal (RJPN) has formed a five-member team to hold merger talks with the Federal Socialist Party Nepal (FSFN), paving the way for formal dialogue in the merger process that was in limbo since a year and a half.

KATHMANDU, Feb 19: Top leaders of the Nepal Communist Party (NCP) have agreed to take a final call on merger of party committees in consultation with the members of the party unification taskforce as three days of internal deliberations to resume the stalled work ended inconclusively.

KATHMANDU, January 20: The merger of the lower committees, various departments and sister wings of the erstwhile CPN-UML and the CPN (Maoist Center) which united in May last year to form the ruling Nepal Communist Party (NCP) has been stalled for months as the panel tasked to determine the criteria and lay the ground for the merger has failed to work as mandated by the party's Standing Committee meeting last month.

KATHMANDU, Jan 8: With less than two months left for the election of the Free Students Union (FSU) to take place, the merger of the student unions of the ruling Nepal Communist Party (NCP) is still uncertain.

BANEPA, July 7: Beema Samiti -- the insurance sector regulator -- has said that it will direct insurance companies that fail to meet the new paid-up capital requirement within the specified deadline to pursue merger.

Two RPPs initiate merger process

June 20, 2018 11:53 am

KATHMANDU, June 20: The unification process of Kamal Thapa-led Rastriya Prajatantra Party (RPP) and Pashupati Shumsher JBR-led RPP (Democratic) has formally started.

KATHMANDU, May 17: Pushpa Kamal Dahal, one of the two co-chairs to lead the newly formed Nepal Communist Party said that the party merger was guided by the need of Nepal and Nepali people.

KATHMANDU, May 13: Mega Bank and Tourism Development Bank have successfully completed their merger process and started their joint operation on Sunday.

KATHMANDU, May 6: The CPN-UML and CPN (Maoist Center) are just days away from the final deal on unification, CPN (Maoist Center) Chairman Pushpa Kamal Dahal has said.

KATHMANDU, May 4: The unification talks between the ruling CPN-UML and CPN (Maoist Center) seem to be gaining momentum as Prime Minister and UML Chairman KP Oli has reportedly shown flexibility toward the demands of Maoist Center Chairman Pushpa Kamal Dahal.