BFIs

Commercial banks set for major urban branch consolidation after NRB clears merger policy

CR Bhandari KATHMANDU: Nepal’s commercial banks are preparing for large-scale consolidation of closely clustered urban branches, following Nepal Rastra Bank’s (NRB) new policy enabling branch mergers. Bank officials say the move will deliver significant cost savings—running into tens of millions of rupees each month—and boost profitability at a time...

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