{"id":330786,"date":"2025-03-25T15:23:59","date_gmt":"2025-03-25T09:53:59","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=330786"},"modified":"2025-04-01T12:27:29","modified_gmt":"2025-04-01T06:57:29","slug":"baanknet-portal","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/baanknet-portal\/","title":{"rendered":"BAANKNET Portal"},"content":{"rendered":"<p><strong>News- <\/strong>The government launched the upgraded BAANKNET portal to improve transparency, efficiency, and value realization in PSU banks&#8217; e-auctions of non-performing assets.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\" wp-image-331350 aligncenter\" src=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/03\/BAANKNET-Portal.png?resize=510%2C338&#038;ssl=1\" alt=\"BAANKNET Portal\" width=\"510\" height=\"338\" srcset=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/03\/BAANKNET-Portal.png?resize=300%2C199&amp;ssl=1 300w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/03\/BAANKNET-Portal.png?resize=1024%2C680&amp;ssl=1 1024w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/03\/BAANKNET-Portal.png?resize=768%2C510&amp;ssl=1 768w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/03\/BAANKNET-Portal.png?w=1280&amp;ssl=1 1280w\" sizes=\"auto, (max-width: 510px) 100vw, 510px\" \/><\/p>\n<h2>About BAANKNET portal<\/h2>\n<ul>\n<li>It is an advanced <em>e-auction portal<\/em> <em>designed for Public Sector Banks (PSBs) and financial institutions<\/em> to auction properties for recovering <em>Non-Performing Asset (NPA) loans<\/em>.<\/li>\n<li><strong>Nodal Ministry<\/strong>: Launched under the Ministry of Finance, Department of Financial Services.<\/li>\n<li><strong>Key Features:<\/strong>\n<ul>\n<li><strong>Automated KYC &amp; Secure Payments<\/strong>: Integrated KYC verification and secure payment gateways for safe transactions.<\/li>\n<li><strong>Nationwide Property Listings<\/strong>: A centralized database for easy property search and sale across India.<\/li>\n<li><strong>Smart Auctions and Fair Pricing<\/strong>: Facilitates intelligent auction mechanisms, ensuring fair pricing and maximum value for all listed properties.<\/li>\n<li><strong>Bank Verified Titles<\/strong>: Ensures that all property titles are verified by banks, providing authenticity and reliability in the auction process.<\/li>\n<li><strong>Widespread Use<\/strong>: Adopted by all 12 PSBs and the Insolvency and Bankruptcy Board of India (IBBI).<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News- The government launched the upgraded BAANKNET portal to improve transparency, efficiency, and value realization in PSU banks&#8217; e-auctions of non-performing assets. About BAANKNET portal It is an advanced e-auction portal designed for Public Sector Banks (PSBs) and financial institutions to auction properties for recovering Non-Performing Asset (NPA) loans. Nodal Ministry: Launched under the Ministry&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/baanknet-portal\/\">Continue reading <span class=\"screen-reader-text\">BAANKNET Portal<\/span><\/a><\/p>\n","protected":false},"author":10367,"featured_media":331350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,12039],"tags":[11872],"class_list":["post-330786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-factly-articles","category-economy","category-knolls","tag-9pm-daily-factly","entry"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/03\/BAANKNET-Portal.png?fit=1280%2C850&ssl=1","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/330786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10367"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=330786"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/330786\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media\/331350"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=330786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=330786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=330786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}