Banking & Insurance
The amount disbursed for share mortgage loans climbed by 18%; amounts exceeding 1 crore are considered significant.
Share mortgage loans from banks and financial institutions are experiencing increased demand, with Rashtra Bank's statistics showing a rise in investment and share purchase demand.
Banks cutting back on their long-term National Bank deposits
On August 23, Nepal Rastra Bank released a 21-day deposit collection tool in an attempt to remove one trillion rupees from the banking system.
Protective Micro Insurance is set to issue an IPO worth Rs 225 million.
Protective Micro Insurance is set to launch an IPO with a value of 225 million rupees.
August 24 was the day the insurance firms were supposed to petition the Supreme Court for money related to Corona insurance.
Insurance companies, including the Nepal Insurance Association, have filed a Supreme Court petition requesting the government's payment for Corona insurance.
For eight years, work on the Mayurdhap Industrial Area has been put on hold.
The Parsa National Park area's property prevented the industrial area's building from moving forward.
A negotiation committee was established by the government to approve concessional loans totaling 15 billion 29 crores.
The government has formed a negotiation team led by the Joint Secretary of the Ministry of Finance to accept concessional loan assistance.
Over 18.5 billion is the combined revenue of 14 life insurance firms, with Nepal Life being the largest.
Over 18.5 billion rupees have been traded by 14 distinct life insurance companies in the first month of the current financial year, July.
The Ministry of Finance reports that Fitch Rating personnel would visit Nepal at the end of August to further the company's credit rating efforts.
The sovereign credit rating process, crucial for attracting foreign investment, is set to proceed, although the chosen international credit rating agency has not yet started work.
Demand for loans surged, as banks amassed 7.5 trillion in loans.
The demand for loans did not rise despite the interest rates falling to single digits because the building, wholesale, and retail trade sectors, as well as industry, did not improve.
Farmers of bananas in Kathmandu seeking insurance renewal and reimbursement
On Monday, in the minister's quarters, farmers had talks with Agriculture Minister Ramnath Adhikari and officials of insurance authorities and insurance firms.
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The Kumari Equity Fund had a profit of 17.5 million.
Kumari Equity Fund, aiming for a 9.5% return, has generated over 175 million rupees until mid-July, surpassed 90 million rupees by June, and increased in July.
In Gulmi, one lakh more people have access to health insurance
Gulmi citizens' interest in health insurance is increasing due to the government's effective program, aiming to provide easy access to healthcare.
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