Siddhartha Bank Taulihawa Branch Issues Second Auction Notice for Loan Collateral
5th October 2026, Kathmandu
Siddhartha Bank Limited Taulihawa Branch Kapilvastu has published a 15 day public auction notice for the sale of pledged movable and immovable collateral properties.
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Siddhartha Bank Second Auction
The bank initiated the confidential sealed bid auction process to recover non performing loans after borrowers and collateral guarantors failed to clear outstanding principal interest and other administrative charges.
Background and Legal Standing
- Primary Notice History: The bank previously published an initial auction notice in the Nagarik national daily on December 10 2023.
- Re-Auction Circumstances: The current publication serves as a second auction notice because the earlier process received no bids or yielded bids that were deemed unacceptable and rejected by the bank.
- Governing Regulations: The auction is being conducted on an as is where is basis in compliance with the Bank and Financial Institution Act 2073 directives issued by Nepal Rastra Bank and internal banking regulations.
Key Bidding Terms and Guidelines
- Notice Publication Date: October 5 2026.
- Application Period: Interested individual and institutional buyers must submit sealed tender proposals within 15 days from the notice publication date.
- Borrower Settlement Provision: The bank explicitly noted that the scheduled auction process can be halted if borrowers or guarantors clear all outstanding liabilities prior to the final auction execution date.
- Non-Bidding Contingency: In the event that no acceptable bids are received during this second auction attempt Siddhartha Bank retains the legal authority to acquire ownership of the pledged collateral properties directly under the provisions of the Bank and Financial Institution Act 2073.
For More: Siddhartha Bank Second Auction
