NMB Bank Limited Invites Competitive Public Tenders for Corporate Asset Liquidation

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20th May 2026, Kathmandu

NMB Bank Limited has officially announced the commencement of an asset disposal campaign, inviting sealed financial proposals from interested individuals, private trading firms, and corporate entities.

NMB Bank Vehicle Disposal

The commercial banking institution has decided to liquidate specific utility vehicles currently registered under its direct corporate ownership. According to the structural notice released by the bank administrative division, the entire sale process will be conducted via a confidential, competitive sealed quotation system designed to ensure maximum transparency, fair market tracking, and equal opportunities for all external participants.

Enforcing the Standard As Is Where Is Asset Disposal Parameters

The financial institution has explicitly stated within the tender specifications that all vehicles listed under this disposal round will be sold strictly on an as is, where is basis. Under these standard corporate asset disposal rules, the bank makes no structural guarantees, mechanical warranties, or physical repair commitments regarding the running condition of the machinery. Prospective buyers are entirely responsible for executing independent physical inspections, assessing necessary mechanical upgrades, and evaluating the current body conditions of the lots before locking in their final financial valuations.

Specifying the Location of the Utility Vehicles in Surkhet and Dhangadhi

The public notice clarifies that the specific inventory up for commercial acquisition consists of two separate Mahindra Scorpio Pickup utility vehicles. These multi purpose pickup trucks were previously deployed to handle regional field operations and are currently stationed at two major provincial branch networks:

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• One Mahindra Scorpio Pickup is parked and available for local physical verification at the NMB Bank Surkhet branch office in Karnali Province.
• The second Mahindra Scorpio Pickup is stationed for inspection at the NMB Bank Dhangadhi Chauraha branch office located in Sudurpashchim Province.

Reviewing the Seven Day Application Deadline and Bid Submission Points

To maintain an accelerated asset clearance timeline, the bank has established a strict seven day submission window counting directly from the formal public publication date of the notice. Interested participants must formulate their financial offers, seal them securely inside official envelopes, and deliver them during standard office hours. The bid packets can be dropped off physically at the Central Administration Department of NMB Bank Limited, situated inside Krishna Tower in the Baneshwor commercial sector of Kathmandu, or directly at the respective provincial branches where the vehicles are parked.

Document Acquisition Fees and Designated Banking Deposit Requirements

Before compiling their final bids, prospective buyers must purchase the official tender application packet directly from the bank. The non refundable fee for the bidding documents is fixed at Rs. 1,000, which must be deposited into the designated internal account number specified by the administrative desk. This document acquisition process ensures that only serious commercial bidders enter the lottery pool, with the final dates, opening times, and evaluation venues for the unsealing of envelopes to be communicated separately to the registered participants.

Understanding Tax Obligations and Asset Ownership Transfer Expenses

NMB Bank Limited has outlined clear financial boundaries regarding the secondary expenses connected to the vehicle ownership changes. The winning bidder selected by the asset evaluation committee will be entirely responsible for clearing all applicable state vehicle taxes, accumulated road penalties, municipal registration renewal charges, and insurance premiums. Furthermore, all legal costs, transportation expenses to haul the vehicle away from the branch lots, and Department of Transport Management ownership transfer fees must be borne completely by the purchaser.

Retaining Corporate Autonomy Over Bid Selection and Final Allocations

The executive management of the commercial bank has added a standard protective legal clause within the public tender notice regarding its final decision making privileges. NMB Bank Limited reserves absolute corporate authority to accept a bid, modify the auction terms, or completely reject any or all submitted proposals without being legally obligated to provide specific explanations to the participants. Once the bidding pool closes, the internal procurement board will evaluate the financial statements and award the utility pickups to the highest valid bidder who satisfies all baseline compliance checks.

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