Kamana Sewa Bikas Bank has issued a 15-day public notice regarding certain mortgaged properties and vehicles held as collateral against outstanding loan facilities at its various branch offices.
According to the notice published on Asar 8, 2083 (June 22, 2026), the bank stated that several borrowers have not settled their loan obligations despite previous communications and notices issued in accordance with the terms and conditions of their loan agreements.
The bank noted that it had earlier provided opportunities for borrowers, guarantors, and concerned parties to regularize their loan accounts through a public notice. However, as the outstanding principal, interest, and applicable charges remain unpaid, the bank has initiated a process to manage the collateral assets in compliance with prevailing banking regulations and applicable laws.
As part of the process, the bank has invited interested individuals, firms, companies, and organizations to submit sealed bids for the purchase of the listed properties and vehicles. Bid documents can be obtained and submitted to the bank's central office in Gyaneshwor, Kathmandu, within 15 days from the publication date of the notice, subject to the terms and conditions specified by the bank.
The bank further stated that all procedures will be conducted in accordance with the Bank and Financial Institutions Act, 2073, its internal credit recovery policies, and other relevant legal provisions.
Interested parties have been encouraged to review the details of the assets and participate in the bidding process as outlined in the official notice.
Published by Kamana Sewa Bikas Bank on 2083-3-8
View More by Kamana Sewa Bikas Bank
