Dec. 30, 2019

Union Finance Minister launched eBक्रय for online auction of assets attached by banks.


  • Public Sector Banks (PSBs) have attached assets worth over Rs. 2.3 lakh crore over the last three financial years.

  • To enable online auction by banks of attached assets transparently for improved realisation of value, eBक्रय, a common e-auction platform has been launched by the Finance Minister.

  • The platform is equipped with property search features and navigational links to all PSB e-auction sites, provides single-window access to information on properties up for e-auction as well as facility for comparison of similar properties. 

Source : PIB