Kumari Bank Issues 35 Day Loan Repayment Notice to Multiple Borrowers Including Collateral Details and Guarantors
25th May 2026, Kathmandu
Kumari Bank Limited has issued a detailed public notice directing multiple listed borrowers to fully repay their outstanding loan liabilities within 35 days. The mandatory directive encompasses the full settlement of all accumulated principal amounts alongside overdue interest and applicable charges.
Kumari Bank Loan Recovery
The financial institution has taken this public path to protect the financial interests of its depositors and maintain healthy asset quality across its credit portfolio. Financial analysts monitor these large scale recovery updates closely as non performing loan management is critical for the overall stability of the banking sector.
Background and Repeated Non Compliance Leading to Public Actions
The bank clarified that these defaults continued despite numerous oral reminders written warning letters and official communication attempts sent directly to the contact points of the clients. Because of this prolonged non compliance and a clear lack of initiative from the borrowers the bank was legally compelled to publish this open notification.
Public announcements serve as a final administrative step before a financial institution initiates heavy punitive actions and asset seizures against defaulting entities. The notification lists extensive detail regarding individual cases to ensure full legal adherence and transparent accountability.
The Ratopul Case Involving Deepika Katuwal and Acts Music Store
The first specific case highlighted by the bank involves borrower Deepika Katuwal holder of citizenship number 042045 1887 issued in Jhapa District. She is the daughter of Man Bahadur Katuwal granddaughter of Rekh Bahadur Katuwal and wife of Sufesh Adhikari. Her permanent address is recorded at Gauradaha Municipality 01 Jhapa with a current residence at Nakhipot Ward 14 Lalitpur.
The personal guarantor for this credit facility is Supesh Adhikari holder of citizenship number 18829 062 issued in Chitwan District. He is the son of Dil Bahadur Adhikari and grandfather Pehel Man Adhikari sharing the same current address in Nakhipot Lalitpur.
The security for this loan covers all movable and immovable assets of the borrower and her proprietorship business named Aacts Music Store. The bank retains complete rights over these assets along with hypothecation deeds up to the full recovery of loan dues.
The Melamchi Sindhupalchok Case Involving Chheda Lama
The second recovery case targets a borrower group from Sindhupalchok District led by Chheda Lama holder of citizenship number 25111 109526. He is the son of Hise Lama and grandson of Ghyamzan Lama with his permanent and current address listed at Melamchi Municipality 11 Sindhupalchok.
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The personal guarantor for this account is Manmaya Tamang holder of citizenship number 243058 147 issued in Sindhupalchok. She is the daughter of Bir Bahadur Tamang granddaughter of Pasing Tamang and wife of the borrower Chheda Lama residing at the same Melamchi address.
The collateral security involves extensive land tracts registered under Chheda Lama at the Land Revenue Office Sindhupalchok located at Melamchi. The specific assets include Kitta numbers 19 1331 13 12 1332 and 11 spanning various ropani measurements and including all houses land and attached property items.
The Melamchi Joint Ownership Case Involving Yung Bahadur Tamang
The final case outlines an additional borrower group based on shared joint ownership of collateral property in Sindhupalchok. The primary co borrowers are Yung Bahadur Tamang holder of citizenship number 243058 175 and Bayan Bahadur Tamang holder of citizenship number 2919 6 7191. They are closely related through family lines tracing back to grandfathers Gangaram Tamang and Krishna Ram Tamang.
The personal guarantor backing this specific joint ownership credit facility is Phulmaya Tamang holder of citizenship number 243077 50. She is the daughter of Suku Tamang granddaughter of Bir Bahadur Tamang and wife of Yung Bahadur Tamang with her current residence at Melamchi Municipality 11.
The pledged security for this account consists of land and a house registered under Yung Bahadur Tamang at the Land Revenue Office Sindhupalchok. The property is identified as Melamchi Kitta number 1254 and includes the house land and all attached movable and immovable assets.
Legal Warning and Upcoming Institutional Recovery Action
Kumari Bank Limited stated that if borrowers fail to clear dues within 35 days the bank will proceed with legal recovery actions under the Bank and Financial Institutions Act 2073 and other applicable laws. The primary recovery process will involve the public auctioning of all mortgaged movable and immovable properties pledged during the loan acquisition phase.
Additionally the bank will formally forward the identities of the defaulting individuals directors and project guarantors to the Credit Information Center for blacklisting. If the auction evaluation of the primary secured collateral proves insufficient to cover the total outstanding debt the bank will expand its recovery scope to include additional personal assets. Affected clients are urged to coordinate with bank officials immediately to resolve their liabilities before the auction procedures begin.
For More: Kumari Bank Loan Recovery
