Articles & Updates

Life Insurance Companies in Nepal Achieve Remarkable Premium Collection of Rs. 61.75 Arba in the First Five Months of FY 2080/81 1
Business | Market | Economy

Life Insurance Companies in Nepal Achieve Remarkable Premium Collection of Rs. 61.75 Arba in the First Five Months of FY 2080/81

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During the first fifth month of the fiscal year 2080/81, life insurance companies in Nepal achieved an impressive milestone by collecting a substantial amount of premiums totaling Rs. 61.75 Arba. This significant premium collection resulted from a cumulative total of 13,754,483 active insurance policies held by policyholders until the month of Mangsir. A report published […]

Madhesh Province's Financial Sector Witnesses Robust Growth: 13.25% Surge in Deposits and 4.68% Rise in Loans 3
Business | Market | Economy

Madhesh Province’s Financial Sector Witnesses Robust Growth: 13.25% Surge in Deposits and 4.68% Rise in Loans

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The financial sector in Madhesh province is undergoing a notable expansion, as evidenced by the annual report on regional economic activity presented by the Nepal Rastra Bank for the fiscal year 2079/80. The report discloses a substantial 13.25% surge in total deposits and a 4.68% increase in loans, reflecting a positive trend in the banking

Auction Alert: Multipurpose Finance Company Limited Promoters Initiate Share Auction for Eligible Shareholders 7
Business | Market | Economy, NEPSE NEWS

Auction Alert: Multipurpose Finance Company Limited Promoters Initiate Share Auction for Eligible Shareholders

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Bijaya Kumar Thakur and Dhirendra Thakur, the current promoters of Multipurpose Finance Company Limited (MPFL), have commenced the auction of their respective promoter shares. Bijaya Kumar Thakur is offering 26,000 units, while Dhirendra Thakur is putting up 30,000 units for auction. This auction, which began on the 18th of Poush, 2080, is exclusively open to

Sarbottam Cement Announces IPO for Industry-Affected Locals and Foreign Nepalese Immigrants, Following Successful QII Allotmen 11
Business | Market | Economy, IPO | FPO

Sarbottam Cement Announces IPO for Industry-Affected Locals and Foreign Nepalese Immigrants, Following Successful QII Allotmen

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Sarbottam Cement Limited has issued an offer letter for an Initial Public Offering (IPO) targeting industry-affected locals of Nawalparasi District, mine excavation-affected locals of Palpa District, and Foreign Nepalese Immigrants. The IPO subscription period for the specified groups is set from 25th Poush to 10th Magh, 2080. Notably, if the issue remains undersubscribed for the

Finance Minister Optimistic About 6% Economic Growth and Library Society's Challenges Addressed at Annual Meeting 15
Business | Market | Economy

Finance Minister Optimistic About 6% Economic Growth and Library Society’s Challenges Addressed at Annual Meeting

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Finance Minister Dr. Prakash Sharan Mahat expressed optimism about achieving a 6% economic growth rate, attributing it to the gradual recovery of the country’s economy. Speaking at the 20th annual general meeting of the Kathmandu Valley Public Library Society at Bhrikutimandap, Minister Mahat highlighted positive signs such as the increasing number of tourists, rising remittances,

Ncell submits unsigned share purchase documents to Telecom Authority. 19
Tech & Telecom

Ncell submits unsigned share purchase documents to Telecom Authority.

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Ncell has submitted a share purchase document to the Nepal Telecommunication Authority without the required signature, according to Purushottam Khanal, Chairman of the Telecommunications Authority. During a session with the Parliament’s Technology Committee, Khanal revealed that the document lacked essential elements like a signature, seal, and stamp. The incident, occurring on the 13th of Last

Nepal Rastra Bank is managing excess liquidity through ongoing withdrawals from the banking system 21
Business | Market | Economy

Nepal Rastra Bank is managing excess liquidity through ongoing withdrawals from the banking system

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Amidst a surge in liquidity, the central bank is actively withdrawing deposits from banks and financial institutions, having withdrawn a substantial 105 arba rupees in the month of Poush alone. Despite these efforts, the average interest rate for deposits has moderately increased from 2.4784% to 2.8594% between Poush 1 and Poush 11. While managing liquidity,

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