Kathmandu,11 June: Nepal Investment Bank Ltd and Mega Bank Nepal Ltd have inked a merger deal on 9 June aimed at reaching a total paid-up capital of Rs 34.43 billion. NIBL chair Prithvi Bahadur Pandé and Mega Bank Nepal chair Bhoj Bahadur Shah signed a memorandum of understanding for a merger. Prithvi Bahadur Pandé will be the chairperson, while Jyoti Pandey will be the chief executive after the merger of the two reputed private sector commercial banks.  After the merger, the bank will be named 'Nepal Investment Mega Bank Ltd'. The new executive committee will comprise representatives from the current executive committees of NIBL and Mega Bank. NIBL stands at Rs 18.30 billion paid-up capital, whereas, the Mega Bank Nepal holds Rs 16.12 billion as its paid-up capital. The share swap ratio for NIBL and Mega Bank has been set at 100:90. People’s News Monitoring Service