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ICT Frame | Tech News, Reviews & Digital Updates from Nepal
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Started 1 week ago · Updated 1 week ago

Banks Announce Public Auctions and Financial Decisions Amidst Loan Recovery Efforts

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Several Nepali banks have initiated public auctions for non-banking assets and mortgaged properties to recover outstanding debts. Kumari Bank Limited is auctioning real estate in Rupandehi, while Agricultural Development Bank Limited is holding a second auction for mortgaged assets. Concurrently, Nadep Laghubitta Bittiya Sanstha Limited has decided against distributing dividends, opting to retain profits for capital reserves.

  • Kumari Bank Limited is auctioning a house and land totaling 916.30 square meters in Siddharthanagar Municipality, Rupandehi district, with bids due by Jestha 10, 2083.
  • Agricultural Development Bank Limited has granted a final 15-day grace period for the settlement of debts related to a housing finance product before proceeding with the public auction of mortgaged assets.
  • Nadep Laghubitta Bittiya Sanstha Limited will submit its audited financial statements for fiscal year 2081/82 to Nepal Rastra Bank.
  • Nepal Investment Mega Bank Limited has issued a 90-day public notice to defaulted borrowers and their guarantors, warning of institutional penalties if debts are not settled.
  • Nabil Bank Limited is seeking proposals from insurance companies for staff household insurance services.

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Agricultural Development Bank Ltd. Kumari Bank Limited Nabil Bank Limited Upakar Laghubitta Bittiya Sanstha Limited Nepal Rastra Bank Nepal Investment Mega Bank

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