Government Moves to Dismiss Insurance Authority Chairman Sharad Ojha Over Fake Documents

Kathmandu – The government is preparing to dismiss Sharad Ojha, chairman of the Nepal Insurance Authority, after an investigation concluded that the documents he submitted at the time of his appointment were fake. A committee formed by the Council...


IME Life Insurance Marks Eighth Anniversary with Blood Donation Drive

Kathmandu – On the occasion of its eighth anniversary, IME Life Insurance Company Limited organized a large-scale blood donation program in Kathmandu with the technical support of the Nepal Red Cross Society. The event, held at Lainchaur, was conducted...


IME Life Insurance Marks Eighth Anniversary with Nationwide Prabhat Pheri

Kathmandu – IME Life Insurance Company Limited celebrated its eighth anniversary with a series of Prabhat Pheri (Walkathon)  programs held across all seven provinces of Nepal, including a central event in Kathmandu. The morning rallies were organized in collaboration...


Rastriya Jeevan Beema Company Reports 20.8 Million in Net Profit

Kathmandu — Rastriya Jeevan Beema Company Limited has reported a net profit of Rs 20.8 million in the last fiscal year, reflecting a 16 percent decline compared to Rs 20.47 million in the previous fiscal year. Despite the fall...


Global IME Bank Wins ‘Euromoney Award for Excellence 2025’ as Best Bank in Nepal

Kathmandu – Global IME Bank Limited has been recognized with the prestigious ‘Best Bank in Nepal – Euromoney Award for Excellence 2025’, marking another milestone in its journey as a leading financial institution in the country. The Euromoney Awards,...


Swiss Re Reports $2.6 Billion Net Income in First Half of 2025

Swiss Re has delivered strong financial results in the first half of 2025, reporting a net income of US$2.6 billion. The reinsurer achieved a return on equity (ROE) of 23%, up from 19.6% a year earlier, supported by solid...


Himalayan Re Insurance Reports Profit Growth in FY 2081/82

Kathmandu – Himalayan Re Insurance has reported a modest increase in net profit for the fourth quarter of the previous fiscal year, according to its unaudited financial statements. The reinsurer earned a net profit of Rs 1.39 billion by...


Global Talks on Plastic Treaty End Without Agreement Again

Geneva — Efforts to finalize the world’s first legally binding treaty on plastic pollution collapsed in Geneva on Friday, as more than 180 nations failed to overcome sharp divisions on how to address the escalating crisis. The 10-day summit...


Trust Micro Insurance Reports Rs 4.63 Million Profit for FY 2081/82

Kathmandu – Trust Micro Insurance Company has published its unaudited financial statements for the fiscal year 2081/82, reflecting a mixed performance with profit contraction but notable growth in premium income and reserves. According to the company, its net profit...


Most Commercial Banks Poised to Distribute Dividends from FY 2081/82 Profits

Kathmandu — The majority of Nepal’s commercial banks are in a position to distribute dividends to their shareholders from the profits earned in the last fiscal year (2081/82). Out of the 20 commercial banks currently in operation, only four...