Rastriya Banijya Bank Announces 35 Day Sealed Bid Auction Notice for Mortgaged Properties
29th September 2026, Kathmandu
Rastriya Banijya Bank Limited (RBB) has published a 35-day public notice inviting confidential sealed bids for the auction sale of pledged collateral properties.
RBB Announces Sealed Bid
The auction process was initiated after multiple defaulting borrowers and guarantors failed to settle their outstanding principal, interest, and penal charges despite repeated written and verbal reminders.
Auction Terms, Submission Guidelines, and Legal Framework
- Bid Form Fee: NPR 1,000 (non-refundable) per bid form, available at designated bank branches.
- Submission Deadline: Within 35 days from the notice publication date (published on Ashwin 13, 2083 BS / September 29, 2026). Bids will be opened on the 36th day (or next working day if a public holiday) at 2:00 PM at the respective branch offices.
- Earnest Money Deposit (EMD): Bidders must deposit at least 10 percent of their quoted bid amount into the bank’s account as earnest money.
- Condition of Sale: Assets will be liquidated on an “as is, where is” basis.
Full Settlement Option:
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Defaulting borrowers can halt the auction by settling all outstanding principal, interest, and costs prior to the bid submission deadline.
Non-Banking Asset (NBA) and Legal Action:
If no acceptable bids are received, Rastriya Banijya Bank reserves the right to acquire the collateral as Non-Banking Assets and initiate legal recovery procedures under the Bank and Financial Institutions Act, 2073, and the Debt Recovery Act, 2058.
For More: RBB Announces Sealed Bid
