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Rural Development and Society Microfinance get in-principle agreement with Rastra Bank

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Kathmandu. Nepal Rastra Bank (NRB) has agreed in principle to the merger process between Rural Development Microfinance and Samaj Laghubitta Financial Institutions.

Nepal Rastra Bank (NRB) has given in-principle consent to the merger process of the two microfinance companies as per the letter no. 15 dated June 15.

A preliminary merger agreement was signed between Samaj Laghubitta and Rural Development Microfinance in February last year.

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