Kathmandu — The High-Level Economic Advisory Reform Commission has recommended enhancing the effectiveness of Nepal’s deposit insurance mechanism to ensure long-term stability in the banking sector. Currently, the Deposit and Credit Guarantee Fund, jointly operated by the Government of...

Kathmandu — Sagarmatha Lumbini Insurance Limited has declared a 15 percent cash dividend, including tax, from the profits of the previous fiscal year. The decision was made during a meeting of the company’s board of directors held on Chaitra...

Ottawa (Reuters) – As trade tensions escalate due to U.S. tariffs under U.S. President Donald Trump’s influence, Canadian exporters are increasingly turning to trade credit insurance to cushion potential financial blows. This shift marks a notable change in strategy...

Kathmandu — At a time when delays in insurance claim settlements are often the norm, Shikhar Insurance Company has set a new benchmark by clearing all claims related to the Tinkune incident of Chaitra 15 within just 13 days....

Kathmandu — National Life Insurance Limited has announced new bonus rates for its insurance plans, following the approval of its latest actuarial valuation report by the Nepal Insurance Authority. The revised rates are based on the company’s financial statements...

Kathmandu — Sanima Reliance Life Insurance Limited has announced the sale of 1,574,251 promoter shares, opening the opportunity to a wide range of investors including individuals, institutional investors, and existing promoter shareholders. The company has made the shares available...

Kathmandu – Sun Nepal Life Insurance Company Limited has announced its book closure on Baisakh 5 (April 18) for the purpose of issuing right shares. The company has stated that only shareholders who own its ordinary shares by Baisakh...

Kathmandu – Prabhu Mahalaxmi Life Insurance Limited has officially announced the new bonus rates for its various insurance plans, following the approval of its actuarial valuation report by the Nepal Insurance Authority on Chaitra 27 (April 9). The new...

Kathmandu – The 20 commercial banks operating in Nepal have collectively earned a profit of Rs 42.75 billion by the end of Falgun in the current fiscal year 2080/81. According to data released by Nepal Rastra Bank, this marks...

Kathmandu – Development banks in Nepal have collectively recorded a profit of Rs 4.18 billion in the first eight months of the current fiscal year 2080/81. This figure, published by Nepal Rastra Bank, marks a growth of 24.01 percent...