NIC Asia Bank Limited Publishes Urgent Seven Day Collateral Auction Notice
▸ Part of: Nepal Rastra Bank Approves Loan Portfolio Review, Prepares Directives for Banks
NIC Asia Bank Limited has published an urgent public auction notice for the liquidation of collateral properties belonging to defaulting borrowers. The bank is proceeding under the Bank and Financial Institutions Act 2073 after borrowers failed to clear their dues. Interested buyers have a seven-day window to submit sealed tender bids for assets including land, buildings, and vehicles.
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