Saturday 29th August 2026
Kathmandu — Contributions to the Prime Minister’s Disaster Relief Fund have surged following the devastating floods in the Bhotekoshi area, with more than NPR 4.38 billion collected as of Friday evening to support rescue, relief and reconstruction efforts. The fund received more than NPR 1.91 billion within the first...
Kathmandu — Nepal’s insurance sector has swung into damage-response mode after severe flooding on the Bhotekoshi and Trishuli rivers in Rasuwa, Nuwakot and Dhading districts caused widespread loss of life and property, with multiple insurers and the Nepal Insurers’ Association urging affected policyholders to come forward and begin the claims process. The Nepal Insurers’ Association expressed deep sorrow over the loss of life and...
Kathmandu — Nepal’s insurance sector has swung into damage-response mode after severe flooding on the Bhotekoshi and Trishuli rivers in Rasuwa, Nuwakot and Dhading districts caused widespread loss of life and property, with multiple insurers and the Nepal Insurers’ Association urging affected policyholders to come forward and begin the claims process. The Nepal Insurers’ Association expressed deep sorrow over...
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...
