Global IME Bank Issues 35 Day Repayment Notice to Defaulting Borrowers and Guarantors
12th October 2026, Kathmandu
Global IME Bank Limited has published a formal 35 day public notice instructing defaulting borrowers and their guarantors to clear all outstanding loan liabilities to avoid legal recovery proceedings and asset auctions.
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Global IME Loan Repayment Notice
Loan Settlement Notice Details and Legal Provisions
The commercial bank has initiated recovery procedures following repeated non-compliance with loan agreement terms and credit schedules by default accounts across its branch network.
- Public Notice Publication: Published in the Annapurna Post national daily on October 12, 2026 (Ashoj 26, 2083).
- Target Recipients: Defaulting primary borrowers alongside personal, institutional, and collateral guarantors linked to the non-performing accounts.
- Compliance Deadline: All concerned parties are required to visit the respective bank branches and clear all accrued principal, interest, penalty interest, and service charges within 35 days from the publication date.
- Blacklisting Warning: Failure to settle liabilities within the 35 day window will result in the bank recommending the names of borrowers and guarantors to the Credit Information Bureau (CIB) for blacklisting, per Nepal Rastra Bank directives.
- Asset Auction Provision: The bank reserves the right to initiate public auctions or private sales of pledged movable and immovable collateral properties upon expiration of the notice period.
- Deficit Liability Recovery: If collateral sales fail to recover total outstanding dues, Global IME Bank will pursue full recovery from non-collateral assets belonging to borrowers and guarantors under the Banks and Financial Institutions Act (BAFIA), 2017, and the Debt Recovery Act, 2002.
For More: Global IME Loan Repayment Notice
