Merger of RBB and NIDC Devt Bank in Final Phase

January 23: The merger process of Rastriya Banijya Bank (RBB) and NIDC Development Bank has reached the final phase. Speaking at the 52^th anniversary program of RBB, Finance Minister Krishna Bahadur Mahara informed that the merger proposal of RBB and NIDC has been approved by the Ministry of Finance. "The merger proposal of RBB and NIDC has already been signed. Now the further decision will be taken by Ministers' Council," he said. In the program, Mahara stressed BFIs to take a solid step in order to provide financial accessibility to rural area.