Agricultural Development Bank Notices: Repayment of Overdue Loans
20th March 2026, Kathmandu
The Agricultural Development Bank notices regarding overdue loan repayments have entered a critical phase as the Rangeli Branch in Morang issues a final 35-day ultimatum to defaulting borrowers.
Agricultural Development Bank Notices
According to the formal announcement published on March 20, 2026 (Chaitra 7, 2082), multiple individuals and agricultural firms have failed to settle their outstanding principal and interest despite previous verbal reminders and 21-day newspaper notices. Under the Bank and Financial Institution Act, 2073, the bank is now prepared to initiate the blacklisting process through the Credit Information Bureau (CIB) if these debts remain unpaid.
List of Major Defaulting Borrowers in Morang
The Agricultural Development Bank notices specifically name four primary borrowing entities from the Rangeli region that have failed to meet their financial obligations. The total outstanding amounts include the principal balance plus accumulated interest calculated up to February 12, 2026 (2082-10-30).
Sima Pashupalan Agriculture Firm: Owned by Anjali Katwal of Dhanpalthan-3. This entrepreneurship loan has a total outstanding balance of NPR 7,88,133.
New Rishav Garment: Operated by Sulochana Kamat in Rangeli-7. The firm currently owes a total of NPR 5,83,834.
Mankamana Hotel: Owned by Siyawati Kumari Mandal in Sunvarshi-9. The total due for this hospitality venture stands at NPR 4,44,692.
Akash Agriculture Firm: Managed by Asha Devi Mandal of Rangeli-4. This smaller agricultural credit has an outstanding balance of NPR 1,84,900.
Legal Consequences of Non-Repayment
The Agricultural Development Bank notices serve as a legal precursor to severe financial and personal restrictions. Failure to comply with the 35-day deadline triggers several enforcement mechanisms under Nepal Rastra Bank (NRB) directives:
CIB Blacklisting: The names of the borrowers, proprietors, and their guarantors will be forwarded to the Loan Information Center. Being blacklisted prevents individuals from opening new bank accounts or accessing any credit facility in Nepal.
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Collateral Auction: The bank reserves the right to seize and auction the physical collateral (land or property) pledged during the loan agreement to recover the total dues.
Legal Action Against Guarantors: Under Section 57 of the Bank and Financial Institution Act, the bank can pursue the personal assets of the guarantors, such as Ratna Singh Katwal or Vishnu Mandal, to settle the firm’s debt.
Travel and Service Restrictions: In some cases of wilful default, the government may restrict the renewal of passports or access to certain state-level services.
The 35-Day Compliance Window
Borrowers named in the Agricultural Development Bank notices have a strictly defined window to rectify their credit standing. To avoid legal escalation, the following steps must be taken:
Full Settlement: Borrowers must visit the Rangeli Branch Office in Morang to pay the combined principal and interest.
Documentation: Proof of payment must be submitted to update the bank’s internal records and halt the blacklisting process.
Deadline: All payments must be cleared within 35 days from the publication date of this notice (by April 24, 2026).
About Agricultural Development Bank Ltd (ADBL)
As a premier state-owned financial institution, Agricultural Development Bank Ltd is the backbone of rural credit in Nepal. While the bank is committed to supporting small-scale farmers and local garments through “Entrepreneurship Loans,” it maintains strict financial discipline to protect public deposits. These Agricultural Development Bank notices reflect the institution’s effort to reduce Non-Performing Loans (NPL) and ensure that capital remains available for responsible new borrowers in the Morang district.
Conclusion
The issuance of these Agricultural Development Bank notices in Biratnagar and Rangeli is a final call for financial accountability. For firms like Sima Pashupalan and New Rishav Garment, the 35-day period represents the last opportunity to save their business reputation and personal credit history. The bank urges all named parties to contact the Rangeli branch immediately to discuss settlement options or full repayment to avoid the long-term stigma of being blacklisted in Nepal’s financial system.
For More: Agricultural Development Bank Notices
