Sunday 29th March 2026
Kathmandu — Former Prime Minister K.P. Sharma Oli, who has been accused of fleeing the scene by helicopter during the Gen-Z protests, has been taken into police custody along with former Home Minister Ramesh Lekhak over their alleged role in the state crackdown on student-led demonstrations in Kathmandu on...
Kathmandu — Life Insurance Corporation Nepal (LIC Nepal), one of the most experienced players in the country’s life insurance sector, has received a rating upgrade. ICRA Nepal has raised the company’s rating to ‘AA-’, up from its previous ‘A Plus’. The new rating reflects a high degree of confidence...
Kathmandu — Life insurance companies in Nepal collected a total of Rs 13.66 billion in insurance premiums in February of the current fiscal year. According to data published by the Nepal Insurance Authority, the 14 operating life insurance companies together recorded this total premium income. The industry posted a 2.58 percent year-on-year growth compared to the same period last fiscal year, when companies had...
Kathmandu — Prabhu Insurance Company has announced the sale of 680,000 promoter shares held by its founding shareholders. The company has not disclosed a minimum price for the offering. The shares are currently open only to existing promoter shareholders, who can apply by submitting the required documents within 35 days of the notice published on March 25. Applications must...
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 Nepal Insurance Authority has fined eight insurance companies for non-compliance with regulatory provisions. The regulator imposed a penalty of two lakh rupees on each company for failing to operate in line with the Insurance Act. According to the Authority, the companies had been asked to submit clarifications after not following its directives. However, their responses were...
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,...
