Tuesday 10th June 2025
Kathmandu — Suspicious transactions within Nepal’s insurance sector have more than doubled annually, raising fresh concerns about money laundering risks and exposing regulatory weaknesses in oversight mechanisms. Despite provisions requiring insurance companies to establish dedicated departments to combat money laundering and terrorist financing, industry experts say such measures have...
Kathmandu — In a remarkable achievement for Nepal’s non-life insurance sector, Shikhar Insurance Company Limited has become the first and only non-life insurer in the country to collect Rs 5 billion in insurance premium within just 10 months and 25 days of the current fiscal year. This milestone marks...
Kathmandu -– Shareholders of Himalayan Life Insurance Limited must be registered by today, 27th Jestha (June 10), to be eligible for the company’s proposed dividend and to participate in its upcoming Annual General Meeting (AGM). The company has announced its books closure on 28th Jestha (June 11) for the purpose of dividend distribution and the AGM. Only those shareholders who are listed in NEPSE...
Kathmandu — Suspicious transactions within Nepal’s insurance sector have more than doubled annually, raising fresh concerns about money laundering risks and exposing regulatory weaknesses in oversight mechanisms. Despite provisions requiring insurance companies to establish dedicated departments to combat money laundering and terrorist financing, industry experts say such measures have failed to produce tangible results. The Nepal Insurance Authority, responsible...
Editorial The recent case of Surya Prasad Silwal, a central figure accused of institutional corruption in Nepal’s insurance sector, marks a pivotal moment for the Nepal Insurance Authority (NIA). With the Commission for the Investigation of Abuse of Authority (CIAA) formally filing a case against him, the curtain has fallen on a regime that many believe embodied a deep-seated...
Kathmandu – Himalayan Reinsurance Limited, the first private-sector-promoted reinsurance company in Nepal, held its fourth Annual General Meeting (AGM) at Nepal Pragya Pratishthan, Kamaladi. The meeting, held on Jestha 25, 2082 (June 8, 2025), approved several key proposals, including the distribution of dividends and strategic amendments to the company’s governing documents. The AGM endorsed the annual report of the...
Kathmandu — Nepal Rastra Bank (NRB) has released the third quarterly review of the Monetary Policy for the current fiscal year, maintaining existing policy rates while introducing key regulatory measures aimed at reinforcing financial stability and improving the investment climate. The central bank has kept the policy rate steady at 5 percent. Likewise, the deposit collection rate remains unchanged at 3 percent, and the bank rate stays at 6.5...
