Kamana Sewa Bikas Bank Limited Invites Sealed Bids for Public Auction of Mortgaged Properties

19th May 2026, Kathmandu

Kamana Sewa Bikas Bank Limited has officially published a 15 day public notification announcing the forced liquidation of various mortgaged immovable properties through a competitive sealed bid auction process.

KSBBL’s Mortgaged Assets

The national level development bank took this decisive legal recovery step after multiple credit customers systematically defaulted on their financial obligations. According to the central recovery division, the borrowers, personal guarantors, and structural sureties completely ignored continuous verbal reminders, official written warnings, and a previous mandatory 35 day debt clearance notice, prompting the firm to reclaim its capital by auctioning the pledged houses and land plots.

Official Institutional Helpdesk and Central Communication Channels

To assist potential property investors with application mechanics, asset inspection schedules, and account regularization tracking, the financial institution has shared its verified corporate contact protocols. The bank central executive office is situated in the Gyaneshwor commercial locality of Kathmandu, Nepal. Market participants can connect directly with the asset management division by dialing the main landline at +977-01-5970030 or utilizing the national toll free customer helpdesk at 16600-11-3000. Additionally, electronic inquiries regarding asset conditions can be routed to [email protected], while full document lists remain accessible on the web portal at www.kamanasewabank.com.

Comprehensive Classification of Defaulted Credit Portfolios and Asset Inflows

The distressed banking profiles causing this public enforcement action stem from a diverse range of commercial and retail financing lines. The non performing loan portfolios are spread across several distinct lending categories, including massive corporate cash credit accounts, multi year term loan setups, fluctuating business overdraft facilities, and smaller localized microfinance or personal equity credit lines. Because the primary business operations failed to inject sufficient revenue to service these debts, their respective real estate collaterals have been legally seized and placed onto the auction ledger on an as is, where is basis.

Geographic Mapping of Auctioned Real Estate Across Diverse Districts

The immovable land parcels and residential structural buildings slated for public sale occupy premium geographical spots within various rapidly developing provincial business corridors. The official property registry detailed by the bank auction board includes assets situated in the following locations:

• In the Banke district, major land plots are located within the Baijanath Rural Municipality perimeter.
• In the Morang district, multiple commercial and residential assets are up for sale across Urlabari, Belbari, and Ratuwamai.
• In the Chitwan district, highly valued land plots and structural houses are ready for bidding within the municipal lines of Bharatpur.

This wide geographic spread provides regional real estate developers with rare opportunities to acquire clean title assets straight from an institutional inventory.

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Strict Submission Deadlines and Official Bidding Document Costs

Prospective bidders looking to participate in this property auction must follow a strict timeline set by the recovery board. The formal submission window opens on the traditional publication date of 2083/02/05 B.S. and will remain open for exactly fifteen days, fixing the final application drop off deadline for 2083/02/19 B.S. Interested corporate firms or individuals can buy the official bid application form by paying a non refundable processing fee of NPR 1,000 at the Gyaneshwor head office or designated branch counters. If the final day happens to coincide with an unannounced public holiday, envelopes will be accepted on the next consecutive working day.

Mandatory Security Deposits and Legal Compliance Profiles for Applicants

To maintain a highly professional and legally secure auction environment, Kamana Sewa Bikas Bank Limited requires all submitted bids to fulfill strict financial safety criteria. Every application envelope must be firmly sealed, clearly marked with the specific plot and borrower details, and accompanied by a mandatory earnest money deposit equivalent to at least 10 percent of the total proposed purchase value. This deposit must be backed by official bank vouchers or verified payment checks. Furthermore, bidders must attach their national citizenship certificates, valid company registration papers, official board authorization letters, permanent account numbers, and recent tax clearance records where applicable.

Core Auction Guidelines, Final Payment Timelines, and Tax Liabilities

The evaluation and final transfer of the auctioned land parcels will strictly adhere to standard national banking regulations:

• Any late, unsealed, or financially incomplete bid packets will be rejected during the initial screening.
• The formal opening of the bid envelopes will take place at the central office in Gyaneshwor, Kathmandu on the day following the deadline, 2083/02/20 B.S., at exactly 4:00 PM.
• The participant who submits the highest valid financial quote must complete the remaining 90 percent balance payment within a tight timeline set by the bank.
• The winning buyer is completely responsible for paying all applicable state capital gains taxes, local municipal revenue charges, and government deed registration fees during the property transfer.

The bank board also explicitly notes that it holds full institutional rights to accept, partially approve, or completely discard any bid without providing explanations to the participants.

Activation of Harsh Legal Actions and Secondary Recovery Clauses

If the sealed bid auction fails to attract satisfactory financial offers or falls short of covering the total outstanding debt, Kamana Sewa Bikas Bank Limited will immediately activate its secondary legal recovery channels. Acting under the strong provisions of the Bank and Financial Institutions Act, 2073, the bank can choose to acquire the ownership rights of the properties itself. Furthermore, the bank will move forward with secluding other unmortgaged movable and immovable personal assets belonging to the borrowers and guarantors, alongside recommending their names to the Credit Information Company Limited for immediate inclusion in the national financial blacklist.

For More: KSBBL’s Mortgaged Assets