Nepal, June 3 Markets are at work in Nepali banking. Under the previous leadership, Nepal Rastra Bank, the country's central bank, did its best to convince commercial banks to actively pursue mergers and acquisitions (M&A) and was pretty much paid with lip service. The 2019-20 monetary policy went so far as to lay down several measures to encourage banks to tie the knot. One carrot used was letting the board of directors, CEOs and deputy CEOs.