Thursday 30th April 2026
Kathmandu — It has come to light that Ashok Kumar Khadka, the CEO of Neco Insurance Company, in which the Government of Nepal holds more than a 21 percent indirect stake, has accumulated enormous wealth worth millions of rupees. Khadka, who became CEO of Neco Insurance around seven years...
Kathmandu, April 2026 — The total value of life insurance policy surrenders has exceeded NPR 10 billion by the end of the third quarter of the current fiscal year. According to the latest “Insurance Snapshot” published by the Nepal Insurance Authority, life insurance companies paid out NPR 10.49 billion...
Kathmandu, April 2026 — The total value of life insurance policy surrenders has exceeded NPR 10 billion by the end of the third quarter of the current fiscal year. According to the latest “Insurance Snapshot” published by the Nepal Insurance Authority, life insurance companies paid out NPR 10.49 billion in surrendered policies during this period. However, the amount is 5.42 percent lower than in...
Kathmandu — It has come to light that Ashok Kumar Khadka, the CEO of Neco Insurance Company, in which the Government of Nepal holds more than a 21 percent indirect stake, has accumulated enormous wealth worth millions of rupees. Khadka, who became CEO of Neco Insurance around seven years ago, owns a house and land in Kalikasthan valued at...
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 — Neco Insurance Company Limited has come under scrutiny for allegedly offering benefits outside approved policy terms to lure clients away from competing insurers. The Nepal Insurance Authority has sought clarification from the company following reports of irregular practices. Instead of focusing on organic growth, Neco Insurance is accused of targeting existing clients of other insurers across both...
Kathmandu – Commercial banks have reported an improvement in earnings per share (EPS), according to third-quarter financial reports for the current fiscal year 2025/26 (up to mid-April). The average EPS of banks stood at NPR 17.01 during the period, an increase of NPR 2.48 compared to NPR 14.53 recorded in the same period of the previous fiscal year. However, compared to the third quarter of last year, EPS declined...
