Nepal News Evening Economic Brief – June 21, 2025

Welcome to Nepal News’ Evening Economic Brief – your trusted source for crucial financial updates in Nepal. Here are today’s key highlights:

Nepal’s Business Banks Strategize Branch Cuts Amid Digital Banking Surge

Commercial banks in Nepal, once focused on expanding branch networks as a status symbol, are now shifting gears to reduce branches due to the rapid rise of digital banking and evolving customer preferences.

Nepal’s EV Imports Soar to Rs 31.55 Billion in FY 2024/25, Setting New Records

In a remarkable development, Nepal witnessed a surge in electric vehicle (EV) imports, reaching 13,492 units valued at Rs 31.55 billion during the initial 11 months of FY 2024/25, marking a substantial increase from the previous year.

Nepal’s Foreign Trade Booms, Indicating Economic Recovery Amid Surging Imports and Exports

The Nepalese economy is showing promising signs of revival, with trade data from the first 11 months of FY 2024/25 reflecting notable growth in both exports and imports.

Nepal Insurance Authority Set to Launch Annual Insurance Policy

In a bid to enhance the insurance sector, Nepal Insurance Authority Chair, Sharad Ojha, revealed plans to introduce a comprehensive ‘Annual Insurance Policy’ covering the entire industry from the upcoming financial year.

Kingsman | Financial Advisor

Kingsman a 35-year-old financial advisor from London, UK, epitomizes the blend of analytical prowess and personable guidance. With a decade of experience in the financial sector, Kingsman has cultivated a reputation for his strategic approach to wealth management and investment advising. His journey began at the University of Oxford, where he graduated with honours in Economics, a discipline that fueled his fascination with the financial markets and their intricacies.

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