Kumari Bank Limited Issues Public Tender Inviting Sealed Bids for Liquidating Corporate Fleet Asset

17th June 2026, Kathmandu

Kumari Bank Limited has officially published a procurement notice inviting confidential sealed bids for the purchase of a used four-wheel corporate vehicle.

Kumari Bank Invites Sealed

The formal auction process is running on an as-is, where-is basis, meaning the buyer assumes full responsibility for the mechanical state and registration paperwork of the vehicle upon purchase.

The official tender call was published on Asar 1 2083, which matches June 15 2026 on the solar calendar. The bank is giving interested automotive traders, commercial firms, and individual buyers a tight window of 7 days from the initial publication date to calculate their offers and hand in completed paperwork.

Complete Mechanical Specifications and Fleet Asset Identification

The bank has released exact asset identification numbers and displacement metrics to help prospective buyers value the utility vehicle accurately.

• Liquidating Corporate Entity: Kumari Bank Limited
• Asset Procurement Classification: Used Four Wheel Utility Vehicle
• Automotive Brand and Trim Level: Mahindra Bolero SLX Power Variant
• Official Government Registration Code: Ba 21 Cha 5904
• Engine Displacement Capacity: 1493 cc
• Original Factory Production Year: 2019
• Current Physical Inspection Depot: Kumari Bank Limited Surkhet Branch Office

Submission Deadlines and Auction Participation Guidelines

Individual participants and registered corporate bodies must follow strict filing rules to ensure their cash offers qualify for the final opening session.

• Official Bidding Window Duration: 7 Days from the initial public notice date
• Submission Cutoff Date Boundary: Bids must arrive before the closing hour on Asar 7 2083
• Authorized Intake Logistics Hubs: Deliverable directly to the Central Office General Administration Department in Tangal Kathmandu or designated local branch desks
• Confidentiality Bidding Mechanism: All value offers must arrive in stamped, secret envelopes to prevent pricing leaks
• Detailed Information Channel: Full branch point-of-contact details and vehicle inspection schedules are hosted on the main digital web portal of the bank

The Logistics Value of Fleet Liquidation for Commercial Networks

For large financial institutions like Kumari Bank, running timely auctions for older transport assets is a practical way to lower corporate garage expenses.

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Utility vehicles used by regional branch teams face tough mountain roads, which increases routine maintenance and repair costs over time.

Selling off depreciated assets through transparent sealed tenders allows the firm to recoup cash value quickly, optimize its logistics budget, and clear storage yard space for newer, more fuel-efficient transport fleets.

Ensuring Transparency in Institutional Asset Disposals

By choosing a secret sealed bid format rather than an open public shout auction, the financial institution ensures a fair, market-driven disposal process.

This method requires each participating firm or private buyer to submit their absolute best financial offer upfront without knowing what competitors are pricing.

As the submission deadline closes at the Tangal central headquarters, procurement officers will review the entries together, awarding the vehicle to the highest valid bidder to guarantee maximum return for the bank stakeholders.

For More: Kumari Bank Invites Sealed