Monday 9th November 2026
Kathmandu — Tihar, one of Nepal’s major festivals, is celebrated with lights, happiness and festivities. Deusi-Bhailo, religious rituals, gift exchanges and various cultural activities make the festival special. However, in recent years, the tendency to overspend in the name of celebration, imitate others and spend beyond one’s financial means...
Kathmandu — Life Insurance Corporation (LIC) Nepal has published its financial results for the first quarter of the current fiscal year 2026/27, reporting growth in premium income and its life insurance fund despite a decline in net profit. The company earned a net profit of Rs 96.90 million during...
Kathmandu — Life Insurance Corporation (LIC) Nepal has published its financial results for the first quarter of the current fiscal year 2026/27, reporting growth in premium income and its life insurance fund despite a decline in net profit. The company earned a net profit of Rs 96.90 million during the review period, down 10.52 percent from Rs 108.30 million in the same period of...
Kathmandu — Nepal’s non-life insurance business grew by 22.82 percent in the first quarter of the current fiscal year, according to data released by the Nepal Insurance Authority. Non-life insurers collected Rs 15.55 billion in gross premiums by the mid-October (end of Ashoj), up from Rs 12.66 billion during the same period last fiscal year. SALICO collected Rs 1.84...
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 — Global IME Bank Limited has started building a new corporate headquarters at Uttardhoka, with Board Chair Chandra Prasad Dhakal and CEO Surendra Raj Regmi performing the bhumipuja on Friday. The 12-storey building will cover about 146,000 square feet, with two basement parking levels, a ground floor and nine upper floors. The bank says it will be the largest and most modern among commercial bank headquarters. It is designed...
