PUBLIC NOTICE – GOLD LOAN DEFAULT & AUCTION WARNING
Jun 22, 2026 • Maryam Begum • Legal Announcements / Legal Notices
Source:
The Hans India
Canara Bank, Bhimavaram Main Branch (0777), P.P. Road, Bhimavaram, West Godavari District, Andhra Pradesh, has issued a public notice informing borrowers listed in the notice that they have failed to repay their outstanding gold loan liabilities despite multiple prior reminders. The concerned loan account holders are instructed to clear their dues along with applicable charges and redeem pledged gold ornaments on or before 20.07.2026, failing which the bank will proceed with the sale of pledged securities through public auction as per its internal procedures without further notice.
The notice includes multiple defaulting accounts with outstanding liabilities, and clearly states that if repayment is not made within the stipulated time, the pledged gold will be auctioned and proceeds will be adjusted against the loan. Any surplus after recovery will be credited to the borrower’s savings account, while any shortfall may lead to further legal action. This notice also applies to legal heirs or nominees in case of deceased borrowers.
Issued by Authorised Officer, Canara Bank.
Canara Bank