Kathmandu — The base rate of commercial banks in Nepal has been steadily declining over the past year, driven by excess liquidity in the banking system and reduced demand for credit. This has led banks to lower deposit interest...

Kathmandu — Four insurance companies remain stuck in the approval pipeline of the Securities Board of Nepal (SEBON), awaiting permission to issue rights shares despite mounting regulatory pressure to raise their paid-up capital. Prabhu Mahalaxmi Life Insurance, Sanima GIC...

Kathmandu — Nepal Reinsurance Company Limited has announced its decision to issue 100 percent right shares to meet the paid-up capital threshold set by the Nepal Insurance Authority (NIA). The move comes as part of the company’s strategy to...

Kathmandu – Protective Micro Insurance Limited has reported a net profit of Rs. 760,090 in the fourth quarter of the fiscal year 2081/82, a recovery from the net loss of Rs. 1.99 million recorded in the same quarter of...

Kathmandu — A writ petition has been filed at the Supreme Court seeking the cancellation of the foreign employment temporary insurance pool introduced by the Insurance Authority. The petition, filed by Advocate Girija Adhikari, challenges the legality of the...

Kathmandu — The Nepal Stock Exchange (NEPSE) witnessed a sharp decline on Wednesday, the fourth trading day of the week, as the benchmark index dropped by 47.93 points to settle at 2,954.14 points. The decline marked one of the...

Kathmandu — Prabhu Mahalaxmi Life Insurance Limited has successfully concluded its Annual Branch Managers Conference 2082 in Narayangadh, Chitwan. The five-day event, held from Shrawan 10 to 14, brought together branch managers from all 115 branches nationwide alongside key...

Kathmandu — Mahesh Baral, Joint Secretary at the Ministry of Finance, has been appointed as a director of Nepal Reinsurance Company Limited (Nepal Re). The appointment was made through a Finance Minister-level decision of the Ministry of Finance on...

(CNN) – A powerful earthquake with a magnitude of 8.8 struck off Russia’s Far Eastern Kamchatka Peninsula early Wednesday, triggering a tsunami of up to 4 meters and prompting widespread evacuations across the Pacific region, including Japan, Hawaii, and...

Kathmandu – NIC Asia Bank Limited has announced the sale of 100,000 promoter shares of Suryajyoti Life Insurance Company Limited, currently held by the bank. The shares are being offered through a sealed bidding process at a minimum price...