Nepal to let foreigners have majority bank stakes

NEPAL - Nepal announced on 10 July it would let foreign players hold majority stakes in joint venture banks as part of a drive to open up its banking sector to outsiders.

Under the new rules, foreign players will be able to boost their stakes to up to two-thirds in joint venture banks, Finance Minister Ram Sharan Mahat told reporters.

A number of joint venture banks have been opened since Nepal allowed foreign investors to enter its banking sector in 1984 but they were not allowed to own more t

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: