Rastriya Banijya Bank celebrated its 59th anniversary, what did CEO Shrestha said ?

Kathmandu : Rastriya Banijya Bank has celebrated the 59th anniversary day on the  occasion of crossing 58 years of its service. The Chief of Rastriya Banijya Bank Executive Officer (CEO) Kiran Kumar Shrestha said that Rastriya Banijya Bank has...


The office of Nepalgunj sub-metropolitan-1 has entered into an agreement with Guardian Micro Life to insure poor worker

Kathmandu : The office of Nepalgunj sub-metropolitan ward no-1, The office of Guardian micro life insurance limited has going to provide insurance for poor workers. The ward office has started providing short term life insurance up to one lakh...


Implementation of IRMIS guidelines, The authority believes that the data of insurance companies will be transparent

Kathmandu. The regulatory body Nepal Insurance Authority has implemented the guidelines related to Insurance Regulatory Management Information System (IRMIS). Rajuraman Paudel, Executive Director of the Authority, has informed Bimapost that the guidelines have been implemented to make data management...


When is the lock-in period of NIFRA ending?

Kathmandu. The lock-in period of Nepal Infrastructure Bank .Ltd (NIFRA) is going to end on 6th of March, 2024 A.D (23rd of Falgun, 2080 B.S). Currently 129.6 million shares of NIFRA are in the form of locked-in founder shares....


Suspicious transactions increased in Insurance and Banking systems; suspicion of money laundering of 36 Billion Rupees  

Kathmandu : In the last fiscal year, it is suspected that assets worth 36 billion 362.1 million Rupees have been laundered from insurance and banks as well as financial institutions. The Financial Information Unit under Central Bank of Nepal...


Interim order of the High Court denies to allow the newly elected committee of the Professional Insurance Agents Association Nepal Life unit from working

Kathmandu :The High Court has given an interim order to the working committee of the Professional Agents’ Association Nepal Life Insurance Committee, which was unanimously elected from the special session held in mid of January, 2024 A.D, not to...


“We could not make underwriting better, the trend of only looking at money is repeating” – Chairman Surya Prasad Silwal

Kathmandu :  Chairman of Nepal Insurance Authority Surya Prasad Silwal has complained to the insurance companies that underwriting has not been improved in the Nepali insurance sector.  In the program organized in Kathmandu on 17th of November, 2023 A.D,...


26,960 shares of Prabhu Mahalaxmi Life is in Sale; Who can apply for the application?

Kathmandu: Prabhu Mahalaxmi Life Insurance has put founder shares on sale. The bank has provided 26,960 shares to the founder group for sale. Devi Prakash Bhattachan, the founder shareholder of the company, has applied for the sale of 5,000...


IME life gave claim payment with conscious women coordination

Kathmandu : IME Life has handed over one hundred and forty thousand rupees as a claim payment in collaboration with conscious women. On Sunday, Butwal. Belwas-13’s Conscious Women’s Savings and Loan Cooperative Society Ltd. handed over a cheque of...


Nepal Life Insurance will not provide dividends on last year’s profit

Kathmandu : Nepal Life Insurance has announced that it will not distribute dividends to the shareholders from the profit of the last financial year. The meeting of the board of directors of insurance held on 21st of January, 2024...