Question
What is the key feature of the revamped ‘Baanknet’
e-auction portal launched by the DFS Secretary?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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