Saturday 21st March 2026
Kathmandu — Prabhu Mahalaxmi Life Insurance Limited has scheduled a Special General Meeting for 9:00 AM on April 2, 2026 at Amrapali Banquet in Bhatbhateni, Kathmandu. The decision was made during the company’s board meeting held on March 17, 2026. The meeting will consider a proposal to convert 10% of the company’s founder shares into public shares. It will also authorize the board to...
Kathmandu – United Ajod Insurance Limited will open its rights share issue on April 9, offering existing shareholders the opportunity to purchase additional shares. The company is issuing rights shares at a ratio of 10 new shares for every 100 shares held. In total, it plans to issue 2.31 million shares at a face value of NPR 100 each,...
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 — Insurance companies are fuming after Nepal Reinsurance Company Limited made the abrupt decision to cut the commission it offers for riot and terrorism insurance. Surendra Thapa, the CEO of Nepal Reinsurance Company Limited, sent out a letter to all non-life insurance firms, announcing the reduction in commission for riot and terrorism coverage. The move has left insurers...
Kathmandu – Commercial banks in Nepal have earned a total profit of Rs 13.14 billion in the first quarter of the current fiscal year 2082/83, according to the financial statements made public by the banks. The figure represents a double-digit decline compared to the same period last fiscal year, when banks had earned Rs 16.18 billion. Out of the 20 commercial banks, the profits of 15 banks have decreased,...
