International Journal For Multidisciplinary Research
A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal
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Volume 6 Issue 2
History of Merger and Acquisition of Banking Sector in Nepal
|Dr. Sabita Bhandari
|Merger and Acquisition is a relatively a new concept to the Nepali Banking and Financial Institutions (BFIs). Nepal Rastra Bank introduced the Merger Bylaw 2068 (B.S) grounded on the Company Act 2063(B.S) article 177, BAFIA 2063 (B.S) article 68 and 69, and encouraged all the BFIs to undergo merger as a consolidation. 2019, the Government of India announced that 10 PSBs were to be merged into 4. In this massive consolidation, Vijaya Bank and Dena Bank were merged with the Bank of Baroda. Oriental Bank of Commerce and the United Bank of India were merged with the Punjab National Bank. Syndicate Bank was merged into Canara Bank.Reasons of Mergers and Acquisitions: In the present Scenario, there are some reasons that forced the Nepalese Banking Sector to go into the process of Merger and Acquisitions. They can be explained as below: -Competitive advantage Merger is that in this process, competition is reduced because merger eliminates competitors from the banking industry. With the help of mergers and acquisitions in the banking sector, the banks can achieve significant growth in their operations and minimize their expenses to a considerable extent. -Capital requirement
|Merger& Aquisition, Competitive Advantage, Capital Requirement, Financial Technology, Liberalization
|Volume 6, Issue 1, January-February 2024
|History of Merger and Acquisition of Banking Sector in Nepal - Dr. Sabita Bhandari - IJFMR Volume 6, Issue 1, January-February 2024. DOI 10.36948/ijfmr.2024.v06i01.9817
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