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PSBs' Property E-Auctions Take a Leap Under BAANKNET
Business Standard
|July 26, 2025
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.
Diese Geschichte stammt aus der July 26, 2025-Ausgabe von Business Standard.
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