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Mortgaged property e-auctioning portal of PSBs is set for a makeover

The common electronic platform to auction mortgaged properties of PSBs is set to get a makeover with plans to make all processes in the auctioning life cycle seamless and more us

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The revamped portal will be user-friendly and fully secured to access, navigate, search, and place bids for auction, an official said

Nikunj Ohri New Delhi
The common electronic platform to auction mortgaged properties of public sector banks (PSBs) is set to get a makeover with plans to make all processes in the auctioning life cycle seamless and more user-friendly.

The Indian Banks Auction Properties Information (IBAPI) portal is presently used by PSBs to display properties that are to be auctioned. The portal, which went live in 2019, was an initiative of the Indian Banks Association (IBA), and is managed by Indian Bank.

This portal would now be revamped to make processes such as pre-auctioning, auctioning, and post-auctioning stages seamless. A mobile application is also being

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First Published: Aug 23 2022 | 6:15 AM IST

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