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PSBs' Property E-Auctions Take a Leap Under BAANKNET
July 26, 2025
|Business Standard
Public sector banks' (PSBs') revamped property e-auction platform, BAANKNET, has helped government lenders jack up the recovery of stressed assets.
The new portal became operational on July 1 last year.
The average annual successful bid value rose to ₹15,731 crore during the 12-month period up to June this year, compared to just ₹5,267 crore garnered through the previous e-Bikray portal during the corresponding 12-month period up to June, 2024.
All 12 national lenders and Insolvency and Bankruptcy Board of India (IBBI) are using BAANKNET for listing and disposing of non-performing asset (NPA) properties across the country.
هذه القصة من طبعة July 26, 2025 من Business Standard.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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