Nepal Investment Mega Bank Issues 7 Day Auction and Blacklisting Notice
7th October 2026, Kathmandu
Nepal Investment Mega Bank Limited (NIMB) has issued a seven-day public notice announcing the auction of movable and immovable collateral assets pledged by defaulting borrowers.
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NIMB 7-Day Auction Notice
The bank has simultaneously issued a final warning regarding blacklisting procedures due to uncollected loan obligations.
Notice Specifications and Key Timelines
- Notice Publication Date: Ashoj 21, 2083 (October 7, 2026)
- Repayment Grace Period: 7 days from the publication date to settle all outstanding principal, interest, and penal charges
- Bid Submission Deadline: Ashoj 27, 2083 (October 13, 2026)
- Bid Opening Date and Time: Ashoj 28, 2083 (October 14, 2026) at 3:00 PM
- Issuing Institution: Nepal Investment Mega Bank Limited
Blacklisting and Recovery Procedures
- Credit Information Center Blacklisting: Failure to settle outstanding dues within the seven-day period will lead to the inclusion of borrowers and guarantors in the Credit Information Center’s blacklist, pursuant to Nepal Rastra Bank directives.
- Auction Sale Mechanism: Pledged properties will be auctioned via a confidential sealed-bid process in accordance with prevailing banking regulations.
- Direct Asset Acquisition: If the properties fail to sell through the auction process, NIMB reserves the right to acquire the assets directly or proceed with alternative sales arrangements under applicable laws.
- Deficit Recovery: Should the sale proceeds be insufficient to clear the entire liability, the bank will initiate further legal action to recover the remaining balance from the borrowers’ and guarantors’ other assets.
For More: NIMB 7-Day Auction Notice
