Finance Minister launches an e-auction platform “eBkray”

Finance Minister has launched an e-auction platformeBkray“. The platform will enable online auction of attached assets by banks. The platform provides navigational links to all PSB e-auction sites, property search feature. It also 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.

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 was launched to provide a platform to give details of mortgaged properties to be auctioned online by Banks, starting with PSBs.

Important takeaways for all competitive exams:

  • Union Finance Minister: Nirmala Sitharaman.

Source: The Economic Times

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