Agricultural Development Bank Loan Repayment Notice for Overdue Borrowers

6th January 2026, Kathmandu

The Agricultural Development Bank Limited (ADBL), specifically through its Bagmati Province Office in Kathmandu, has issued a formal and urgent public notice regarding overdue loans.

Agricultural Development Bank Loan

This 21-day notice is directed at a specific group of borrowers and guarantors associated with the Samakhushi branch who have failed to meet their repayment obligations. Despite repeated prior reminders, these accounts remain unsettled, prompting the bank to initiate the formal recovery process under the guidelines of the Bank and Financial Institutions Act (BAFIA) 2073.

Strategic Scope and Purpose of the Repayment Notice

The primary objective of this public notice is to ensure the recovery of funds that are essential for the bank’s continued lending operations, particularly in the agricultural and developmental sectors. The notice addresses various loan categories, including agriculture-specific financing, housing loans, and service-oriented credit facilities. By publishing these details in a public forum, the bank aims to achieve maximum transparency and provide a final window for voluntary settlement before moving toward forced recovery.

The bank has emphasized that the listed borrowers must settle the entirety of their outstanding dues, which includes:

• The original principal amount borrowed.
• Accumulated interest calculated up to the end of Mangsir 2082.
• Penal interest and any additional administrative charges incurred due to the delay.
• Notable Borrowers and Outstanding Debt Profiles

The notice includes several institutional and individual names that have significant overdue balances. These profiles highlight the diversity of the bank’s lending portfolio and the scale of the recovery task at hand.

Case Study: Ananta Changunarayan Agro Farm Pvt. Ltd. This entity represents the agriculture sector, which is the core focus of the Agricultural Development Bank. The farm has an outstanding principal amount of NPR 1,018,000. With interest accumulated until the end of Mangsir 2082 amounting to NPR 50,000, the total dues stand at NPR 1,068,000. The notice also calls upon the guarantors—Uddhav Prasad Ghimire, Gunraj Dhungana, Sagar Nath Khanal, and Tankeshwor Chapagai—to fulfill their legal obligations.

Case Study: Decor Debut Pvt. Ltd. Categorized under service and periodic loans, this firm has a much larger outstanding balance. The principal amount is reported at NPR 5,100,000, with an additional NPR 80,000 in interest, bringing the total to NPR 5,180,000. Residents of Tarkeshwor Municipality, including Sandika Tamang and Phoolmaya Tamang, are listed as the responsible guarantors for this credit facility.

Other individual borrowers mentioned in the notice include Haribahadur Mall, Pushpa Saud, and Ramesh Prasad Dhakal. The total dues across the listed accounts vary significantly, with some reaching over NPR 10.7 million, including interest.

Legal Implications and Recovery Measures

The Agricultural Development Bank has been clear about the consequences of failing to comply within the 21-day deadline, which expires after its publication on 2082/09/22. Should the borrowers fail to visit the Bagmati Province Office in Gaushala, Kathmandu, to settle their accounts, the bank is prepared to exercise its legal rights under the prevailing laws of Nepal.

The potential recovery actions include:

Auctioning of Collateral: The most immediate step involves the public auction of the movable and immovable property (such as land or buildings) pledged as security for the loan.

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Asset Seizure: If the collateral is insufficient to cover the debt, the bank may look toward seizing other assets belonging to the borrower or the guarantors.

Blacklisting: Borrowers and guarantors will be recommended for blacklisting by the Credit Information Bureau (CIB) of Nepal. This prevents them from accessing any further financial services or credit from other banks and financial institutions in the country.

Legal Prosecution: In cases involving significant amounts or suspected fraud, the bank may pursue further civil or criminal litigation.

The Crucial Role of Guarantors in Debt Settlement

A key feature of the Agricultural Development Bank loan notice is the explicit naming of guarantors. In the Nepalese banking system, a guarantor is legally as responsible for the loan as the primary borrower. If the borrower defaults, the bank has the right to recover the funds directly from the guarantor’s personal assets and income.

By including the names of the guarantors in the public notice, the bank is exerting pressure on the entire support network of the borrower. This often prompts guarantors to intervene and assist in the repayment to protect their own credit standing and property from being compromised by the bank’s recovery team.

Next Steps for Affected Borrowers and Guarantors

For those listed in the notice, time is of the essence. The bank has provided clear instructions for immediate action:

Location: Visit the Bagmati Province Office located in Gaushala, Kathmandu.

Consultation: Meet with the loan recovery department to verify the exact amount of dues.

Settlement: Clear the outstanding balance or, in some cases, negotiate a one-time settlement or restructuring if permitted by the bank’s internal policy and NRB directives.

Documentation: Ensure that a formal clearance certificate is obtained once the payment is finalized to update credit records.

Conclusion

The 21-day notice from the Agricultural Development Bank serves as a serious reminder of the importance of maintaining financial discipline. While the bank remains committed to supporting growth in Bagmati Province, it must also safeguard the public funds it manages. Borrowers who act within the given timeframe can avoid the severe social and financial repercussions of asset auctioning and blacklisting. As the deadline approaches, the bank’s Samakhushi branch and Province Office remain open to those willing to resolve their overdue obligations and restore their financial credibility.

For More: Agricultural Development Bank Loan