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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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