Friday 4th September 2026
Kathmandu — Although an earlier report had indicated that insurance claims for damage caused by the devastating flood that swept through Rasuwa’s Bhotekoshi and Trishuli rivers on Bhadra 10 exceeded NPR 25 billion, BeemaPost has prepared revised figures following verification of the data. According to the revised figures, insurance...
Nairobi— A new UN report says the planet will almost certainly cross the 1.5°C warming threshold soon, but a narrow path remains to bring temperatures back down if the world acts now. The world is on track to exceed the 1.5°C limit set under the Paris Agreement, likely within...
Kathmandu — Citizen Life Insurance Company Limited has provided NPR 15.1 million in financial assistance to the Prime Minister’s Disaster Relief Fund for flood victims. The company said the contribution was made to support the rescue, relief, rehabilitation and humanitarian assistance of families affected by the disaster. Of the total amount, NPR 1.867 million was contributed by Citizen Life’s Citizen Leaders, while NPR 2.133...
Kathmandu — Although an earlier report had indicated that insurance claims for damage caused by the devastating flood that swept through Rasuwa’s Bhotekoshi and Trishuli rivers on Bhadra 10 exceeded NPR 25 billion, BeemaPost has prepared revised figures following verification of the data. According to the revised figures, insurance claims totaling NPR 13.5735 billion had been filed as of...
Kathmandu — The flood in Rasuwa has disrupted communications with insurance companies, banks, hydropower projects and other offices operating in the area. There is still no confirmed information on the extent of damage caused to the offices of insurance companies and banks. The Ministry of Energy, however, is collecting data on the damage caused to hydropower projects. The branches...
Kathmandu — The Supreme Court of Nepal has ruled that the issuance of Himalayan Reinsurance Limited’s initial public offering (IPO) at a premium price was not carried out in accordance with the law. In its recently published full verdict, the Court held that both the Securities Board of Nepal (SEBON) and the Nepal Insurance Authority (NIA) failed to comply...
Kathmandu — Commercial banks in Nepal earned nearly NPR 70 billion in net profit during fiscal year 2025/26. According to the fourth-quarter financial statements published by 20 commercial banks, the banks posted a combined net profit of NPR 69.87 billion. The combined profit increased by 32.27 percent, or NPR 17.05 billion, compared with the previous fiscal year. Commercial banks had earned a combined net profit of NPR 52.82 billion...
