| loverboy |
Posted
on 31-Jan-02 11:07 AM
would love to hear some comments on this deal!! Is this a fishy commission making deal? Do we have incapable consultants? $5.78 mil is a big check to write..
Please shed some light..
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Deloitte Touche Tomatsu takes over RBB management
KOL Report
KATHMANDU, Jan 31 - International consultancy firm Deloitte Touche Tomatsu (DTT) has signed a contract with Nepal Rastra Bank (NRB) to take over the management of Rastriya Banijya Bank (RBB) for two years.
The contract was signed in Kathmandu Thursday by Rajan Singh Bhandari of NRB and Robert J F McPhail, a partner of the DTT. Under the terms of the signed contract, the DTT would work under direct supervision of the Board of Management of the RBB for a consultancy fee of US $ 5.78 million.
Bhandari told the press that the new management has the authority to close some of the branch offices without bringing change on the service offered by the branch office to its customers. "The new management cannot go for force retirement of its employees," he added. However, the management can bring some special schemes for the voluntary retirement.
On behalf of new management, McPhail, said that the company would concentrate on understanding the problems for the initial two months and then implement its reform strategies accordingly. "The company has already worked in several economies and the experience would help for attaining the success of this project," he added. (rk)
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