Star Micro Insurance Calls for Second AGM in Janakpur

Kathmandu — Star Micro Insurance Company Limited has announced that it will hold its second Annual General Meeting (AGM) on Baisakh 29 (May 12) at its registered office in Janakpur. The meeting is scheduled to begin at 1 PM....


Commercial Banks Struggle with Rising Bad Loans: NPLs of Nine Banks Cross 5 Percent

Kathmandu – The growing burden of bad loans has pushed Nepal’s commercial banking sector into deep financial stress, as recovery challenges continue to mount. The latest data up to the end of the Chaitra month of the fiscal year...


National-Level Development Banks Earn Over Rs 3 Billion in Nine Months

Kathmandu — The profit of national-level development banks has exceeded Rs 3 billion in the third quarter of the current fiscal year 2081/82. According to financial reports published by the banks, eight national-level development banks operating in the country...


IME Life Appoints Sushila Roka as Goodwill Ambassador for 2025

Kathmandu – IME Life Insurance Company Limited has appointed Sushila Roka as its Goodwill Ambassador for 2025 under the company’s flagship program, the ‘Saral Sawadhik Jeevan Beema Yojana’. The official announcement was made during a special event organized by...


Shikhar Insurance Receives ISO/IEC 27001:2022 Certification for Information Security

Kathmandu – Shikhar Insurance has been awarded the ISO/IEC 27001:2022 certification, a globally recognized standard for information security management systems. The ISO/IEC 27001:2022 certification is a testament to Shikhar Insurance’s adherence to international standards in its policies, procedures, and...


Salico Announces 28th AGM, Proposes 15% Cash Dividend

Kathmandu — Sagarmatha Lumbini Insurance Company Limited (Salico) has announced that its 28th Annual General Meeting (AGM) will be held on Baisakh 28 (May 11) at 10 AM at Ranimahal Banquet, Dnyaneshwor, Kathmandu. According to the company, the AGM...


Sanima Reliance Life Insurance Puts Promoter Shares Up for Sale

Kathmandu — Sanima Reliance Life Insurance Limited has announced the sale of 177,875 units of promoter shares, exclusively for the company’s existing promoter shareholders. According to the company, interested promoter shareholders must submit their applications to the central office...


Commercial Banks’ Profits Exceed Rs 41 Billion in First Nine Months of FY 2081/82

Kathmandu — Commercial banks in Nepal have collectively earned over Rs 41 billion in profit in the first nine months of the current fiscal year 2081/82, showing a slight growth compared to the same period last year. According to...


Speeding Ahead, Insured Behind: Nepal’s EV Revolution Needs Protection

Kathmandu – As Nepal’s streets hum with the quiet promise of electric vehicles (EVs), another shift is gaining traction beneath the surface — one that’s less visible but equally vital. The rise of EV insurance is quietly rewriting the...


Insurance Scam In India: 800-Page Chargesheet Filed in Multi-Crore Fraud Case Involving Deceased Policyholders

Meerut (TOI) – Three months after an insurance multi-crore insurance fraud case that surfaced earlier this year, the Sambhal police have filed an 800-page chargesheet against 11 accused from Uttar Pradesh, Bihar, and Jharkhand in India. The scam, dubbed...