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BAANKNET portal and e-BKray platform
April 1 , 2025
15 days
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- The Finance Ministry launched a revamped e-auction portal named 'BAANKNET' to further streamline the listing and auctioning of banks' assets.
- The platform 'e-BKray' was launched in February 2019.
- The BAANKNET portal is specifically designed to enhance the transparency and speed up the process of disposing of non-performing asset (NPA) cases.
- 'e-BKray' is the digital auction platform for disposing of assets under recovery proceedings by PSU banks.
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