Saturday 13th December 2025
Kathmandu — The government is set to bear more than Rs 36 billion in reconstruction expenses after extensive damage caused by the recent Gen-Z protest, as government structures were not insured prior to the incident. A committee formed to assess the destruction has estimated that rebuilding government infrastructure alone...
Kathmandu – A high-level discussion has taken place between Nil Prasad Lamichhane, Chief of the Karnali Province Office of the Nepal Insurance Authority, and Sunil Ballabh Pant, Chief Executive Officer of NLG Insurance Company Limited, with a focus on expanding insurance coverage and strengthening service delivery across Karnali Province....
Kathmandu – IME Life Insurance Company has announced a dividend for its shareholders from the profit of fiscal year 2081/82. A meeting of the company’s Board of Directors held today approved the distribution of a 10.52362 percent cash dividend (including tax) based on the current paid-up capital. The proposed dividend will be distributed to shareholders after approval from the Insurance Board and the company’s...
Kathmandu — The government is set to bear more than Rs 36 billion in reconstruction expenses after extensive damage caused by the recent Gen-Z protest, as government structures were not insured prior to the incident. A committee formed to assess the destruction has estimated that rebuilding government infrastructure alone will require Rs 36.3 billion. The committee, led by National...
Editorial For the Nepal Insurance Authority (NIA), the past seven months have been marked not by regulatory breakthroughs, but by turmoil. The nation’s apex insurance watchdog has seen two of its most senior leaders fall under scrutiny—one acquitted, the other suspended—and now stands cautiously under interim leadership. These events, unfolding one after another, have exposed not just the fragility...
Kathmandu – Nepal Reinsurance Company has been unable to publish its fourth-quarter financial statement for fiscal year 2080/81 after inconsistencies were reportedly found across several accounting records. The delay has drawn the attention of the Insurance Authority, which has summoned the company’s CEO and departmental officials for further clarification. According to officials, the company has not submitted its annual...
Kathmandu – Commercial banks in Nepal have earned a total profit of Rs 13.14 billion in the first quarter of the current fiscal year 2082/83, according to the financial statements made public by the banks. The figure represents a double-digit decline compared to the same period last fiscal year, when banks had earned Rs 16.18 billion. Out of the 20 commercial banks, the profits of 15 banks have decreased,...
