LIC is paying 27% as commission from first-year premium

The Irdai has released it annual report today. The report has highlighted the fact that how much commission has been paid by the life insurance companies to their agents. The report further states that despite hike in commission paid,...


National Commercial Bank has been Honored

Kathmandu: In the banking business of National Commercial Bank, significant progress has been made in technology-based digital business on filing system which started on 10th January 2022 A.D. Among the commercial banks of Nepal, the government bank National Commercial...


Amendment of the integrated guidelines of Purbadhar Bikas Bank, relief package for troubled borrowers, what other provisions are there?

Kathmandu : Central Bank has issued the integrated guidelines issued to Purbadhar Bikas Bank. Guru Prasad Paudel, Executive Director of Central Bank, has issued this guide using the authority given by Section 79 of the Insurance Act 2058. In...


Scam by SuryaJyoti Life on the name of “Child Insurance policies” that do not bear the insured’s risk

Kathmandu : It has been revealed that SuryaJyoti Life Insurance Company has been selling erroneous policies. In the documents received by “Beemapost”, it has been revealed that Suryajyoti Life has been selling and distributing children’s insurance policies contrary to...


‘IME Pay’ is Honoured with Visa Partnership Award

Kathmandu: Nepal’s first digital wallet “the IME Pay” has been honored with Visa Partnership Award. At the Visa Leadership Conclave 2023 held in Kathmandu on Tuesday,19th December, Visa honored IME Pay with the Excellence in Fintech Partnership Award as...


Central Bank withdraws deposits for the 12th time in a month on Wednesday 25 billion

Kathmandu : Central Bank is withdrawing liquidity for the 12th time in a month after the accumulation of liquidity in the banking system. Central Bank is going to draw 25 billion rupees of liquidity through deposit collection on Wednesday....


Himalayan Microfinance called a general meeting, No dividend to shareholdersKathmandu: Himalayan

Microfinance has convened the 12th Annual General Meeting. The company has called a meeting on Wednesday 31st of December, 2023 A.D at Bouganvilla Events, Tripureshwar Kathmandu from 11 am. The company has not made any proposal regarding dividend in...


Half of 24 billion foreign investment commitments by November, what is the most?

Kathmandu : By November of this financial year, an investment commitment of half of 24 billion rupees has been made under foreign direct investment FDI. According to the statistics provided by the Department of Industry, from July to November...


Deposit collection of banks and financial institutions above 60 billion

Kathmandu : The deposit collection of banks and financial institutions has reached over 60 billion. According to the statistics of Nepal Central Bank, the deposit collection of banks and financial institutions has reached 60 trillion 3 billion rupees by...


Canadian mining company Belo Sun plans to build the largest open-pit gold mine in Brazil on the banks of the Xingu River

The region already struggles with the devastating effects of one of the largest hydroelectric dams in the world. And now – Belo Sun, wants to add deforestation and contamination methods to the mix while threatening to sue the very...