Kumari Bank Limited Issues Final 35 Day Public Notice For Loan Repayment

20th July 2026, Kathmandu

Kumari Bank Limited has officially published a 35 day public notice addressing several borrowers who have failed to clear their financial liabilities.

Kumari Bank Final Public Notice

This public announcement serves as a final call for individuals and entities listed in the notice to settle their outstanding dues with the commercial bank. The bank has resorted to this measure to manage its non performing assets and maintain strict financial discipline across its loan portfolio.

The issuance of a public recovery notice represents a standard but critical regulatory step for banks in Nepal. It ensures complete corporate transparency and serves as a formal legal warning before the bank initiates aggressive asset recovery actions. Borrowers are urged to take the timeline seriously to avoid severe legal penalties and financial losses.

Background on Repeated Communications and Overdue Liability Settlement

Before publishing this final public notice, Kumari Bank Limited strictly followed all internal loan recovery protocols. The financial institution made multiple attempts to establish communication with the defaulting parties to resolve the non payment issues mutually.

The initial actions taken by the bank prior to this public announcement include the following measures.

• Making repeated verbal requests to the respective borrowers to settle their accounts.
• Sending formal written notices to the registered addresses of the borrowers.
• Providing multiple opportunities for clients to discuss loan restructuring or payment extensions.
• Calculating outstanding liabilities including overdue principal, accrued interest, accumulated penalties, and other applicable transaction charges.

Despite these continuous follow up efforts, the listed loans have remained unpaid for a prolonged duration. This lack of response from the borrowers has forced Kumari Bank Limited to escalate the recovery process by bringing the default status to the public eye.

Essential Action Steps and Timeline for Defaulting Borrowers

The bank has laid down clear operational directives for the listed individuals and institutions to clear their names from the default registry. The repayment must be executed within a strict timeframe to halt subsequent recovery phases.

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Borrowers mentioned in the publication are requested to follow these specific steps.

• Contact the respective Kumari Bank Limited branch office where the loan was originally processed.
• Initiate the final settlement process within 35 days from the official date of publication of the public notice.
• Fully repay all outstanding dues including the core principal balance.
• Clear all accrued regular interest, penal interest, and any extra administrative charges accumulated during the default period.

Failure to meet these conditions within the 35 day window will result in the immediate closure of amicable settlement options, prompting the bank to take strict legal routes.

Legal Consequences and Impending Asset Auction Warnings

Kumari Bank Limited has issued a strong warning regarding the legal actions it will pursue if the 35 day period passes without complete payment. The bank is prepared to utilize the full extent of national financial legislation to recover its capital.

The legal frameworks and asset recovery methods that the bank will deploy include the following measures.

• Initiating formal legal proceedings under the Banking Offence and Punishment Act 2064.
• Filing recovery lawsuits in accordance with the Secured Transactions Act 2063 and other prevailing corporate laws.
• Enforcing legal rights over all mortgaged land parcels, residential buildings, and other pledged commercial assets.
• Recovering the entire outstanding balance through the public auction of the collateralized properties.

Pursuing any remaining financial balance directly from the personal assets of both the primary borrowers and their legal guarantors.

The comprehensive public notice explicitly contains the names of the defaulting borrowers, the identities of their respective guarantors, and the detailed descriptions of the mortgaged properties securing each specific loan. By publishing these details, the bank ensures that potential property buyers and the public are fully aware of the legal status of the collateral assets.

For More: Kumari Bank Final Public Notice