Nepal Investment Mega Bank Issues Notice for Auction of Mortgaged Properties
10th August 2026, Kathmandu
Nepal Investment Mega Bank Limited has announced an urgent public auction sale of mortgaged properties pledged as collateral against loans.
NIMB Mortgaged Properties Auction
The commercial bank issued a seven day urgent notice inviting sealed bids for the purchase of both movable and immovable assets to recover unpaid credit facilities.
The auction procedure was initiated following repeated failures by borrowers and guarantors to settle outstanding financial liabilities within the allocated timeframe.
The financial institution has urged defaulted borrowers, guarantors, and concerned stakeholders to visit nearest branch offices immediately to regularize their loan accounts.
Geographic Coverage and Asset Details
The assets scheduled for auction include residential buildings and land plots situated in multiple districts, including Chitwan and Kapilvastu.
Detailed descriptions of individual properties, including plot numbers, total surface areas, and property boundaries, have been published in the official notice issued by the bank.
Participation Rules and Bidding Procedures
Individuals, registered firms, and corporate entities interested in acquiring the assets can participate by submitting sealed bids.
Bidders are required to review property details, legal conditions, and valuation figures before submitting formal offers.
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All bidding documents must be submitted using the prescribed format adhering strictly to guidelines set by the bank management.
Important Bidding Deadline and Approval Requirements
The deadline for submitting sealed auction bids is Bhadra 2, 2083, by 2:00 PM.
The bank management clarified that tender documents or proposals received past the submission deadline will be automatically rejected.
Selected highest bidders must pay the required transaction amount within the mandated timeline following official bid approval.
Participants are obligated to comply with regulatory standards and bank policies governing non-performing asset recoveries.
Branch Coordination and Information Access
Interested parties can visit local branch offices of Nepal Investment Mega Bank Limited to inspect property conditions and obtain further details.
Information regarding property locations, legal status, and bidding guidelines is also available via the official web portal of the bank.
For More: NIMB Mortgaged Properties Auction
