Rastriya Banijya Bank

Chirkhwa Hydropower Limited is set to issue 4 million rights shares, each with a face value of NPR 100, aiming to raise NPR 400 million as part of its capital expansion strategy. RBB Merchant Banking Limited has been appointed as the issue and sales manager for this equity offering. The capital raised will be used to optimize the company's financial position and support operational activities.

The insurance sector in Nepal is grappling with significant challenges, primarily concerning the delay and opacity in claim payment processes, according to research and reports from the Nepal Insurance Authority. While the potential for the market is high, the reliance on traditional, paper-based systems and a lack of financial literacy among customers contribute to prolonged claim settlements. Experts emphasize the essential role of technology adoption for faster, transparent claim payments to build customer trust and strengthen the industry.