Finance Minister Nirmala Sitharaman Launches auction Platform ‘eBkray’ for assets attached by banks
- Finance Minister Nirmala Sitharaman launched a common e-auction platform ‘eBkray’ (eBक्रय), on December 28, 2019, to enable online auction of attached assets by banks transparently and cleanly for the improved realization of value.
- The e-platform eBkray provides a single-window access to information on all the properties up for e-auction, as well as a facility for the comparison of similar properties.
- It is equipped with property search features and navigational links to all PSB e-auction sites, along with photographs and videos of uploaded properties.
- As on December 27, 2019, a total of 35,000 properties had been uploaded on the e-auction platform by PSBs.
- Further, to strengthen banks, the Ministry has approved additional infusion of Rs. 8,855 crore (Rs 4360 crore to Indian Overseas Bank, Rs 2153 crore to Allahabad Bank, Rs 2142 crore to UCO Bank and Rs 200 crore to Andhra Bank), in addition to the recent infusion of Rs. 60,314 crore.
Points to Remember:
- Name of the portal launched for e-auction of attached assets by banks.
- How much amount has been approved as additional infusion in IOB, Allahabad bank, UCO and Andhra Bank?
- Amount of capital infusion by govt so far in FY20 in PSBs? Rs. 60,314 crore.