Kumari Bank Limited Announces Seven Day Sealed Bid Auction for Non Banking Assets
18th May 2026, Kathmandu
Kumari Bank Limited has officially published a time sensitive public notice inviting interested corporate entities and individual investors to submit sealed bids for the purchase of non banking assets. The auction focuses on premium real estate property, including a house and attached land structures, currently registered directly under the financial institution ownership portfolio.
Kumari Bank Property Auction
According to the guidelines outlined in the formal announcement, the bank is offering this structural asset for auction sale strictly in its current condition and physical quantity, following standard regulatory protocols for handling recovered collateral.
Strategic Property Dimensions and Land Registry Specifics in Rupandehi
The non banking property slated for public liquidation holds a highly desirable geographic position within the developing economic corridor of the Lumbini Province. The land and residential infrastructure are located within the administrative boundaries of Siddharthanagar Municipality Ward Number 13, situated in the Rupandehi district. According to the state land registry tracking records maintained by the local land revenue office, the asset is classified under land parcel number 162. The total continuous plot dimensions aggregate to an impressive 916.30 square meters, offering substantial space for residential use or commercial redevelopment.
Strict Submission Deadlines and Official Branch Contact Protocols
Prospective buyers looking to secure this municipal real estate asset must adhere to a strict seven day operational window established by the central recovery division of the bank. The formal deadline for dropping off completed bid envelopes has been fixed for Jestha 10, 2083, during regular counter banking hours. Interested market participants can collect the official bid application documents by paying a non refundable processing fee of NPR 500 at the Kumari Bank Siddharthanagar branch office, where the localized collection box has been safely installed for applicants.
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Mandatory Earnest Money Deposit and Financial Guarantee Rules
To maintain high transparency and filter out speculative non serious offers, the bank auction committee has laid down strict financial security requirements. Applicants are required to state their final proposed purchase valuation clearly in both numeric figures and written words within the application packet. Furthermore, each bid must be accompanied by a mandatory earnest money deposit equivalent to exactly 10 percent of the total quoted purchase value. This initial guarantee must be provided either as a validated cash voucher deposited into the bank collection accounts or through a Good For Payment check made out to Kumari Bank Limited.
Public Envelope Opening Schedule and Institutional Discretion Rights
The formal evaluation process will move forward immediately after the collection window closes to ensure quick processing for the state treasury. The sealed bid envelopes are scheduled to be opened publicly on Jestha 11, 2083, at exactly 3:00 PM at the Siddharthanagar branch premises. Bidders or their legally authorized corporate representatives are encouraged to attend the opening ceremony to witness the counter readings. The bank management reiterated that it reserves absolute internal authority to accept, completely reject, partially approve, or entirely cancel any incoming bid without being legally obligated to provide explanations.
Tax Obligations and Ownership Transfer Liabilities for the Winning Bidder
Beyond submitting the highest valid financial offer, the successful participant must prepare to take on full administrative responsibility for completing the land transfer process. Kumari Bank Limited has clarified that all applicable local municipal taxes, national capital gains taxes, government registration fees, and ownership transfer expenses will be borne entirely by the winning bidder. Once the final payment balance is fully settled at the branch counter, the bank legal team will coordinate with the regional land revenue office to transfer the official land ownership certificates over to the new owner.
For More: Kumari Bank Property Auction
