[caption id="attachment_48045" align="alignnone" width="1089"] File Photo[/caption] Kathmandu, 7 July: Nepal Rastra Bank (NRB) has given a final nod to the Nepal Investment Bank Limited (NIBL) and Mega Bank Limited for the merger. The central bank, writing a letter on Wednesday has stated that it had agreed in- principle  to merge the two banks. The NRB has also stated that a joint application should be submitted to the central bank mentioning the decision of matching the posts of the employees and facilities  to be provided to them. A Memorandum of Understanding (MoU)was signed between the two commercial banks on June 10 to merge. As mentioned in the MoU, it has been agreed that the name of the bank will be Nepal Investment Mega Bank. Similarly, the swap ratio will be 100:90. The bank, after the merger will have three board directors each from both the banks. An independent director will be appointed by NIBL. Likewise, Jyoti Pandey will shoulder the responsibility of the Chief Executive Officer while Rabina Deshraj Shrestha will serve as the Senior Deputy Chief Executive Officer. Prithvi Bahadur Pande will be the Chairman of the bank. People's News Monitoring Service