Posted by: manab July 25, 2005
90% Nepali Bank controlled by Indian Marwadis
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It could be true in terms of investment because most Marwadis are Nepali citizens and like you said they are free to invest and so they own a good amount of shares (good %, not necessarily 90%). I think Golchha owns a good % in Nepal bank and Chaudhary's owns a good % in Nabil bank and so on. But there is good % of Nepali investers too. But there is a fact in terms of Marwadis really investing in India i guess. But even if you go to their office in Nepal, 100% of the top level staff are Indians. By this i mean real Indians, ones who chew pans early in the morning and converse only in Hindi to everyone and do not have Nepali citizenship and so take the salary home. For some reasons Marwadis do not trust Nepalis to be intheir top level positions. Except one exception to Khetan Group, i think they are the only ones who have employeed Nepalis in every position. They have a good corporate culture and benefit structure too. This information is just i know with my work experience so do not ask for proof...you can go to Golchha Group in Sundhara or Chudhary's in Sanepa and you will just know it. PEACE
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