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IFIC Bank inks MoU to sell its stake in Nepalese bank

Nepalese newspapers, however, have reported that Chaudhary Group has expressed keenness to buy the IFIC Bank’s shares in the Nepal-based bank after the central bank of Nepal rejected the buying proposal of NB Group – a major stakeholder in the bank

IFIC Bank to sell entire stake in Nepal lender

IFIC Bank is set to sell its more than 40 per cent stake in a Nepalese bank as it no longer sees its business in the Himalayan Kingdom viable.  

Banks girding for merger mania

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.

Nepse bids adieu to 2077 BS by setting a new record

Nepse bids adieu to 2077 BS by setting a new record
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