Nabil Bank Galchhi Branch Invites Sealed Bids for Auction of Loan Collateral Assets
12th October 2026, Kathmandu
Nabil Bank Limited’s Galchhi Branch in Dhading has published a 15-day public auction notice inviting sealed bids for the sale of pledged movable and immovable properties following loan default.
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Nabil Bank Sealed Bids
Auction Notice Details and Legal Framework
The commercial bank has initiated the auction process to recover non-performing loans after borrowers and guarantors failed to clear outstanding liabilities despite prior notices.
- Branch Location: Galchhi Branch, Dhading District, under Nabil Bank Limited.
- Asset Categories: Movable and immovable properties pledged as loan security and collateral.
- Notice Publication Date: October 12, 2026 (Ashoj 26, 2083).
- Prior Notice Compliance: The bank previously published a 35-day repayment notice in the Naya Patrika national daily on August 28, 2023 (Bhadra 12, 2080).
- Submission Deadline: Sealed bids must be submitted to Nabil Bank’s Galchhi Branch within 15 days of notice publication during regular office hours.
- Settlement Clause: The auction process may be halted if the borrowers or guarantors clear all outstanding principal and interest prior to final auction execution.
- Non-Banking Asset Acquisition: If the auction fails to attract buyers or valid offers, the bank reserves the right to acquire the collateral assets as non-banking assets under the Banks and Financial Institutions Act (BAFIA), 2017.
- Deficit Recovery Provision: If auction proceeds fall short of full recovery, remaining liabilities will be pursued through other assets of borrowers and guarantors under BAFIA 2017 and the Debt Recovery Act, 2002.
For More: Nabil Bank Sealed Bids
