Banks and financial institutions can merge their branches within the metropolis by fulfilling 6 conditions.

लगानी न्यूज

२९ मंसिर २०८२, सोमबार १२:०२December 15, 2025

. KATHMANDU: Nepal Rastra Bank (NRB) has allowed banks and financial institutions (BFIs) to merge their branches by fulfilling 6 conditions. Nepal Rastra Bank (NRB) has issued a circular on Monday to facilitate the merger of branches of banks and financial institutions.

Without the prior approval of the Rastra Bank, a licensed institution shall not be allowed to close or transfer or merge a branch or any type of office.TAG_OPEN_div_18 However, in the context of high e-payment transactions and significant number of branches of financial institutions, the Nepal Rastra Bank has a provision for the banks and financial institutions themselves to ÷merge the branches in the metropolis.

Similarly, in the case of a branch established targeting a government body or public institution, the Rastra Bank has a provision that the branch adjustment can be done only after the written consent of the institution.TAG_OPEN_div_16

Prior to the merger of the branches, the banks and financial institutions should publish at least 90 (90) days’ notice in the national level daily newspaper, the website of the concerned institution and the notice board of the branch.TAG_OPEN_div_14

In the event of merger of two or more branches of such institutions, the customers of the branches to be merged can repay the loan or suspend the service without charging any kind of fee if the customer of the merged branch wants to repay the loan of that institution or wants to close other services.TAG_OPEN_div_12

The banks and financial institutions shall submit the details as referred to in Schedule 14.2 to the Rastra Bank within 3 working days of the adjustment of the branches.TAG_OPEN_div_10