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BankingNABARD / RBI

BAANKNET E-Auction Platform Lifts PSB Stressed Asset Recovery

28 July 20251 min read
BANKING & FINANCEBAANKNET E-AuctionPlatform Lifts PSBStressed AssetRecovery28 July 2025safalsetu.com

Why in the news

Public sector banks saw a big jump in stressed-asset recoveries after shifting property auctions to the revamped BAANKNET portal.

Key facts

  • Purpose: online sale of residential, commercial, agricultural and industrial properties acquired through NPA loans.
  • Timeline: live from 1 July 2024; formally launched January 2025.
  • Users: 12 nationalised banks plus IBBI.
  • Property photos and videos improve buyer transparency.
  • Some borrowers open One-Time Settlement (OTS) talks after listing, as seen after NCLT adoption.
PlatformDetail
e-BikrayCentralised PSB sale portal, February 2019
BAANKNETSuccessor with better auction success and IBBI integration

Exam angle

  • Live: 1 July 2024; predecessor: e-Bikray; term: OTS.

Test yourself

1. BAANKNET replaced which earlier PSB property sale portal?

e-Bikray, launched in February 2019, was the earlier portal.

2. From which date did BAANKNET become operational?

It became operational on 1 July 2024.

3. BAANKNET is used for auctioning properties acquired through which type of loans?

It auctions properties acquired due to NPA loans.

This topic is part of Daily Current Affairs 26 July 2025 (15 topics).

All topics of the dayDay quizJuly 2025

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