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Rastra Bank gives in-principle consent to two microfinance companies for merger

SPIL
Nepal Life

Kathmandu. Kathmandu: Nepal Rastra Bank (NRB) has agreed in principle for the merger process of rural development microfinance institutions and samaj laghubitta financial institutions. Nepal Rastra Bank (NRB) has agreed in principle to the two microfinance companies for the purpose of merger.

Samaj Laghubitta and Rural Development Microfinance had signed a preliminary agreement for the merger in February last year.

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