Wednesday 17th June 2026
Kathmandu — In a unique display of goodwill and friendship, the Embassy of Bangladesh in Kathmandu has distributed more than 1,750 kilograms of premium Bangladeshi mangoes among distinguished personalities across Nepal under its annual “Season’s Best Compliments” initiative. The diplomatic gesture, popularly referred to as “Mango Diplomacy,” saw the Embassy...
Kathmandu — The credit rating of Nepal Reinsurance Company Limited has been downgraded. ICRA Nepal has lowered the company’s issuer rating from the earlier ‘Double A Minus’ level to ‘A’. At the same time, the company has been kept under a “watch with negative implications” status as before. The...
Kathmandu — Credit rating agency CARE Ratings Nepal has reaffirmed the issuer rating of Reliable Nepal Life Insurance, maintaining its ‘CARE-NP A- (Issuer)’ rating. The rating indicates that the company provides an adequate degree of safety with respect to the timely servicing of its financial obligations and is considered to have a low credit risk profile. According to the company’s audited financial statements, its...
Kathmandu — Stakeholders have expressed concern that the insurance industry itself could come under significant financial strain if insurance premiums for electric vehicles (EVs) are not increased. The issue was highlighted at a program organized yesterday in Kathmandu by the Insurance Surveyors Association. At a one-day seminar titled “EV Insurance Claim Dispute Management: Current Challenges and Emerging Trends,” organized...
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 — The credit rating of Nepal Reinsurance Company Limited has been downgraded. ICRA Nepal has lowered the company’s issuer rating from the earlier ‘Double A Minus’ level to ‘A’. At the same time, the company has been kept under a “watch with negative implications” status as before. The new rating indicates that while the company still has adequate...
Kathmandu — Commercial banks have succeeded in earning nearly NPR 56.5 billion in profit during the first 10 months of the current fiscal year 2025/26(2082/83). According to data published by the Nepal Rastra Bank up to mid-May 2026 (end of Baisakh), the country’s 20 commercial banks posted a combined profit of NPR 56.47 billion. The profit earned by the banks is 18.16 percent higher than in the corresponding period...
