Machhapuchchhre Bank Issues 35-Day Notice for Credit Card Loan Settlement

13th July 2026, Kathmandu

Machhapuchchhre Bank Limited has officially issued a strict 35-day public notice targeted directly at defaulting credit card borrowers.

MBL Credit Card Loan Settlement

The commercial banking institution is demanding the immediate settlement of all long-overdue credit balances that have fallen into non-performing status.

The widespread administrative publication serves as a final warning for cardholders who have continuously neglected their payment obligations. The bank credit monitoring department initialized this public step to recover outstanding retail assets and maintain healthy capital adequacy frameworks across its consumer lending divisions.

Systemic Failure to Address Multi Stage Payment Reminders

According to the official recovery circular published by the central registry, the notice names specific retail consumers who utilized the bank digital credit facilities but failed to honor their monthly billing cycles. The management noted that the listed cardholders breached the core financial terms established in their primary credit card agreements.

The retail recovery division turned to a public announcement after alternative communication routes failed to yield results. The credit desk had previously deployed a series of verbal warnings, direct phone calls, text alerts, and formal written warning letters over several consecutive months without receiving cooperative payment commitments from the defaulting parties.

To avoid severe financial penalties, the bank has instructed all listed borrowers to visit their nearest physical branch counters to clear their complete balance sheets. The mandatory payment configuration requires the total liquidation of multiple outstanding debt components:

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• Total outstanding principal: The primary cash amounts spent by the consumers on retail shopping, electronic merchant portals, or point-of-sale terminals must be paid back in full.
• Accrued interest balances: The regular monthly interest charges calculated over the non-paying billing cycles must be updated and cleared.
• Unpaid installment dues: Any active Equal Monthly Installments or specialized retail financing plans that have fallen into arrears must be fully resolved.
• Accumulated penalty interest: The extra penalty interest rates triggered by missing the formal minimum due dates must be settled.
• Administrative tracking charges: The extra operational costs and legal notification processing fees spent by the bank during the recovery workflow must be fully covered.

Harsh Consequences of Non Payment and Central Bank Enforcement

Machhapuchchhre Bank Limited has made it very clear that borrowers who fail to settle their outstanding liabilities within the given 35-day timeframe will face direct legal and regulatory penalties. The subsequent enforcement phases will be executed in strict accordance with the prevailing banking regulations of Nepal, central bank directives, and national civil laws.

The recovery unit will coordinate with state bodies to implement several strict credit enforcement actions without providing further personal updates or public warnings:

• First regulatory action: The bank will forward the complete personal dossiers, citizenship files, and default history profiles of the non-paying consumers to the Credit Information Bureau of Nepal for immediate blacklisting. Getting placed on this central blacklist blocks the individuals from obtaining future home loans, auto loans, or corporate business credits from any licensed financial firm in the country.
• Second regulatory action: The legal operations department will file formal civil lawsuits with the debt recovery tribunals to initiate asset freezing orders. This allows the bank to look for alternative personal assets owned by the defaulters to satisfy the credit debts.
• Third regulatory action: The institution will activate alternative recovery pathways allowed under the Bank and Financial Institutions Act, which includes restricting the individuals from accessing basic banking facilities or holding executive positions in public corporations.

Tracking Defaulter Demographics Across Broad Regional Branches

The detailed public directory includes comprehensive identity logs for every single defaulting cardholder to ensure legal transparency and avoid identity confusion. The published data sheets contain the borrower full name, parent or spouse names, official citizenship registry number, the primary loan issuance date, the originating registration district, and their permanent residential address.

The structural credit default tracking spans a massive geographical footprint, showing that credit card defaults affect both metropolitan centers and distant provincial markets. The official manifest covers problematic credit card accounts distributed across a long list of districts, including:

• Kathmandu, Lalitpur, and Dhading inside the central Bagmati Province corridor.
• Sunsari, Udayapur, and Okhaldhunga within the eastern Koshi Province region.
• Gorkha and Lamjung located within the hilly areas of the Gandaki Province.
• Makwanpur and Sarlahi situated down along the busy Madhesh Province belt.
• Rupandehi and Kapilvastu operating within the expanding Lumbini Province zone.
• Kalikot situated within the remote geography of the western Karnali Province.

The central executive committee has strongly urged all affected credit card consumers to contact their respective branch handling offices before the expiration of the 35-day deadline. Taking prompt action allows borrowers to negotiate potential settlement timelines, protect their families from social embarrassment, and preserve their personal credit rankings.

Machhapuchchhre Bank Limited continues to manage a robust commercial banking infrastructure across Nepal, operating more than one hundred and sixty physical branches, dozens of extension counters, and an extensive network of automated teller machines. The commercial house remains dedicated to providing secure credit structures, digital wallet solutions, and accessible deposit products to millions of retail and corporate clients nationwide.

For More: MBL Credit Card Loan Settlement