Daily Current Affairs 2020 Finance Minister Sitharaman launches 'eBkray' auction platform for assets attached by banks | Daily Current Affairs 2020

Finance Minister Sitharaman launches ‘eBkray’ auction platform for assets attached by banks

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Indian Banks Auctions Mortgaged Properties Information (IBAPI) portal is an initiative of Indian Banks Association under the policy of the Department of Financial Services, Ministry of Finance to provide a platform to provide details of mortgaged properties to be auctioned online by Banks, starting with PSBs

Finance Minister Nirmala Sitharaman today launched eBkray, an e-auction platform to enable online auction of attached assets by banks.

The eBkray platform provides navigational links to all PSB e-auction sites, property search feature and presents single-window access to information on properties up for e-auction, comparison of similar properties, and also contains videos and photographs of the uploaded properties.

Source: Business Today

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