Recommendation to elect new chairman and CEO of cross-holding organizations

लगानी न्यूज

८ पुष २०८२, मंगलवार १८:२२December 23, 2025

. The Banking Sector Reform Advisory Task Force has suggested that new chairperson and CEO should be elected after the merger of cross-holding banks and financial institutions. The Nepal Rastra Bank (NRB) has made public the recommendations of the task force on Tuesday.

In the report, the task force has suggested that the banks with cross-holding should be taken for merger. The task force has suggested that sufficient time should be given for the merger. The committee has recommended that mergers and acquisitions should be carried out with utmost caution and not in haste.

According to the task force, the merger needs to focus on a combination of operations, software, production and human resources.TAG_OPEN_div_12 Mergers are expected to be successful only if the institutions take enough time to decide on mergers.

The selection of a new leadership is expected to improve the long-term stability and performance of the organization. In addition, it has been suggested that the remuneration of the employees working at the same level in the new organization should be made equal within a certain period.

{{TAG_OPEN_div_8} Provisions will be made to give legal rights related to swap, ratio and other processes to the institutions going for merger and acquisition, and Nepal Rastra Bank will facilitate in completing the process quickly. The task force has also suggested that institutions with debt problems should also be included in the merger.