Kathmandu – Prabhu Mahalakshmi Life Insurance Company Limited has announced the sale of 274,201 founder shares, registered under the names of five different founder shareholders. The company had initially offered these shares to its existing founder shareholders. However, after...

Kathmandu – Commercial banks in Nepal have witnessed a notable rise in both deposits and loans during the first eight months of the current fiscal year 2081/82. According to data from the Nepal Bankers Association, deposit collection increased by...

Kathmandu – Sagarmatha Lumbini Insurance (Salico) has settled an insurance claim of Rs 425 million to Panchthar Power Company Limited. The payment covers losses incurred under Panchthar Power’s schemes. Salico’s Chief Executive Officer (CEO), Chunky Chhetri, handed over the...

Kathmandu – Sun Nepal Life Insurance has received approval from the Nepal Securities Board to issue 27% rights shares. The company will offer 10,696,320 shares to existing shareholders in a 1:0.27 ratio. The rights shares will be issued at...

Kathmandu – Reliable Nepal Life Insurance Company Limited has announced new bonus rates following the approval of its financial status and liability assessment report by the Nepal Insurance Authority on March 10. The revised bonus rates apply to various...

Kathmandu – The non-banking assets (NBAs) of commercial banks in Nepal have increased significantly, rising by 79.89% in the first seven months of the current financial year. According to Nepal Rastra Bank, the total NBAs of commercial banks reached...

Kathmandu – The Ministry of Health and Population has released the report of Health Insurance Reforms Recommendations Task Force at a program held on Sunday (March 16). During a program at the Ministry, Health and Population Minister Pradeep Paudel...

Kathmandu – Shikhar Insurance Company Limited has released a thematic film marking its 20th anniversary. The film highlights the resilience, trust, and confidence customers have shown in the company over the past two decades. According to Shikhar Insurance, the...

Kathmandu – Life Insurance Corporation (Nepal) Limited has reappointed Komal Agrawal as a member of its Board of Directors. Aggarwal, who represents the common shareholders on the board, had completed her term on March 9. Following a board meeting...

Kathmandu – Nepal Life Insurance has appointed Bimal Prasad Dhakal, Krishna Raj Lamichhane, and Sharmila Shrestha Maharjan as directors. The appointments were made following the decision of the company’s 25th Annual General Meeting, held on Chaitra 2 (March 15)...