Friday 25th September 2026
Kathmandu — Nepal’s non-life insurance companies, already facing substantial claims from the recent Bhotekoshi floods, are now bracing for further losses amid warnings of heavy rainfall and flooding. Severe flooding in the Bhotekoshi River, which flows through Rasuwa, caused extensive damage to property and loss of life across districts...
Kathmandu — The Asian Development Bank (ADB) has projected that Nepal’s economic growth will slow following the devastating floods that struck the Bhotekoshi and Trishuli rivers on August 26, 2026. The Asian Development Outlook released by the ADB on Wednesday said the floods could weigh on economic growth and...
Kathmandu — SuryaJyoti Life Insurance Company Limited organized its “Agency Award Night 2026” in Gwarko, Lalitpur, honoring top-performing agents and agency managers under the theme “Honoring Excellence, Celebrating Achievements.” The event, attended by around 300 Chief Agency Managers, Star Agency Managers, Insurance Advisers and agents, recognized outstanding contributors to the company’s business growth in FY 2025/26 with trophies, certificates and cash prizes. It also...
Kathmandu — Nepal’s non-life insurance companies, already facing substantial claims from the recent Bhotekoshi floods, are now bracing for further losses amid warnings of heavy rainfall and flooding. Severe flooding in the Bhotekoshi River, which flows through Rasuwa, caused extensive damage to property and loss of life across districts stretching from Rasuwa and Nuwakot to Dhading and Chitwan. The...
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 – ICRA Nepal has downgraded Nepal Reinsurance Company Limited’s issuer credit rating from ‘ICRA NP-IR A’ to ‘ICRA NP-IR A-‘, citing the reinsurer’s potentially large exposure to claims from the devastating August 26 flash floods. The company remains on ‘watch with negative implications.’ The ‘W’ notation attached to the rating signals that further review is pending, while the...
Kathmandu — Deposits at banks and financial institutions fell 0.3% (NPR 2.07 billion) to NPR 8.256 trillion in the first month of fiscal year 2083/84 (mid-July to mid-August 2026), according to data released by Nepal Rastra Bank. In the same period last fiscal year, deposits had declined 0.8% (NPR 5.579 billion). On a year-on-year basis, deposits at banks and financial institutions increased 14.5% as of mid-August 2026. As of...
