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      Question

      What is the key feature of the revamped ‘Baanknet’

      e-auction portal launched by the DFS Secretary?
      A Selling government bonds Correct Answer Incorrect Answer
      B Consolidation of property listings from PSBs into a single platform Correct Answer Incorrect Answer
      C Digital signature verification for buyers Correct Answer Incorrect Answer
      D Financing for home loans Correct Answer Incorrect Answer
      E Rent-to-own property options Correct Answer Incorrect Answer

      Solution

      The revamped 'Baanknet' e-auction portal consolidates property listings from Public Sector Banks (PSBs) into a single platform. It allows buyers and investors to access a variety of properties, including residential, commercial, and industrial assets, to aid PSBs' recovery efforts and enhance credit availability.

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