Wednesday, October 25, 2023

PSBs told to speed up sale of defaulters' properties

The Indian finance ministry has requested state-owned banks to expedite the development of an advanced property auction platform and mobile app. Around 500,000 properties owned by state-owned lenders will be listed on the platform, offering bidders access to ownership details, photographs, videos, and other information. Currently, state-owned banks advertise properties for sale, but they often go unnoticed.

from Economy-News-Economic Times https://ift.tt/8SGRCax
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