Siddhartha Bank Issues 15 Day Sealed Bid Auction Notice for Collateral Assets
7th October 2026, Kathmandu
Siddhartha Bank Limited, Butwal Branch, Rupandehi, has issued a 15-day public notice inviting sealed tender bids for the auction sale of movable and immovable assets mortgaged by defaulting borrowers.
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Siddhartha Bank Sealed Bid Auction
Notice Summary and Key Timelines
- Notice Publication Date: Ashoj 21, 2083 (October 7, 2026), published in Arthik Rastriya Dainik
- Repayment Deadline Notice: A prior 35-day repayment notice was published on Baisakh 21, 2080
- Issuing Branch: Siddhartha Bank Limited, Butwal Branch, Rupandehi
- Regulatory Compliance: Conducted in accordance with the Bank and Financial Institutions Act (BAFIA) 2073, Nepal Rastra Bank directives, and the bank’s internal recovery procedures
Auction Terms and Conditions
- Sale Basis: Properties and associated assets will be auctioned on an as-is-where-is basis through confidential sealed bids.
- Applicant Eligibility: Interested individuals, firms, and corporate entities are eligible to apply under the conditions set by the bank.
- Settlement Provision: Borrowers or guarantors can halt the auction process by settling all outstanding principal, interest, and legal charges in full prior to the auction date.
- Asset Acquisition Option: If no valid bids are received, Siddhartha Bank reserves the right to directly take over ownership of the collateral properties as per BAFIA 2073 provisions.
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