Saturday 8th August 2026
Kathmandu — Sun Nepal Life Insurance CEO Raj Kumar Aryal has returned to work after a four-month investigation by Nepal Police’s Central Investigation Bureau (CIB) found no irregularities against him, according to the company. CIB arrested Aryal on March 30 as part of an investigation into alleged irregularities in...
Washington — Artificial intelligence (AI) could help developing countries such as Nepal achieve in a decade what might otherwise take a century, provided governments move quickly to strengthen electricity supply, internet connectivity, digital skills and public institutions, according to the World Development Report 2026: The Promise of Artificial Intelligence,...
Kathmandu — Sun Nepal Life Insurance CEO Raj Kumar Aryal has returned to work after a four-month investigation by Nepal Police’s Central Investigation Bureau (CIB) found no irregularities against him, according to the company. CIB arrested Aryal on March 30 as part of an investigation into alleged irregularities in the allocation of shares reserved for employees under the company’s initial public offering (IPO). He...
Kathmandu — Nepal’s non-life insurers more than doubled their earthquake premium reserve fund over the past year, strengthening their financial preparedness against seismic risk. However, two of the country’s oldest insurers (Nepal Insurance and Rastriya Beema Company) have yet to set aside any reserves for earthquake-related liabilities. The industry’s earthquake reserve fund reached NPR 455 million by the end...
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 — 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 — Nepal Rastra Bank (NRB) has rolled out a new set of regulations requiring banks and financial institutions to tighten oversight of dormant accounts, as part of broader efforts to reduce financial crime and curb the misuse of inactive banking channels. The measures, introduced through amendments to the Unified Directives 2082, were issued by the Bank and Financial Institutions Regulation Department under the authority granted by Section 79...
