Mergers and acquisitions in banking sector have become familiar in the majority of all the countries in the world. A large number of international and domestic banks all over the world are engaged in mergers and acquisitions activities. The objectives behind the mergers and acquisitions in the banking sector is to reap the benefits of economies of scale. 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. Another important advantage behind this kind of merger is that in this process, competition is reduced because merger eliminates competitors from the banking industry. Banks need to safeguard against risks, as well as exploit obtainable opportunities indicated by existing and expected trends. Presently, the Nepalese Banking Sector is facing a big problem and is in a critical stage. So, in order to cope with this problem Nepal Rasta Bank (NRB) has directed the banking institutions to go in the process of mergers and acquisitions.
NRB Merger By laws policy, 2011 has provided several benefits to the merging the banks and the financial institutions of the country are opting in the process of merger. The Government of Nepal has been promoting mergers as a means to achieve efficiency through economies of scale and scope by facilitating a consolidation between weaker and stronger banks to create an efficient and robust merged entity. In this episode of Banking Bahas we have talked with our guest Mr. Sujit Shakya about how hard is the process of merger/acquisition in the context of Nepalese Banking sector.
Presenter: Manoj Regmi
Guest: Sujit Shakya Senior DCEO, Nabil Bank
About Guest
Mr. Sujit Shakya is currently working as the Senior Deputy Chief Executive Officer of @Nabil Bank. He has also worked as the DCEO of the other big banks such as Janata Bank later merged with @Global IME Bank and carried the same post to the later bank. He is that professional banker who has more than four biggest mergers and acquisition's experience in banking sector. He is also a highly motivating leader.
Presented By: bankingsamachar.com
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