Gold Auction Notice for Loan Default by Union Bank of India
Aug 18, 2026 • Farheen • Auction Notices / Real Estate Notices
Source:
The New Indian Express E-Paper
Union Bank of India Vizianagaram Region is conducting a public auction for pledged gold securities due to loan repayment failures. Borrowers can redeem their gold by paying off liabilities on or before 29-08-2026. The auction will take place at the respective branch premises starting from 12:00 PM on 31-08-2026. Bidders must deposit an Earnest Money Deposit (EMD) of 25% of the appraised value (minimum ₹5,000).