Union Finance Minister has launched eBkray , an common e-auction platform to enable online auction of attached assets transparently and cleanly for the improved realization of value by banks.

• The e-auction platform is now linked on Indian Banks Auctions Mortgaged Properties Information (IBAPI) portal and guidelines have been made available.
• It enhance user experience through seamless access to information by search based on type and location of property put up for e-auction by banks in India.
• Indian Banks Auctions Mortgaged Properties Information (IBAPI) portal is an initiative of Indian Banks Association (IBA) under policy of Department of Financial Services (DFS), Union Ministry of Finance, to provide details of mortgaged properties to be auctioned online by banks, starting with PSBs.

‘eBkray’ will provide navigational links to all Public Sector Banks (PSBs) e-auction sites, property search feature and will present single-window access to information on properties up for e-auction, comparison of similar properties, as well as contains videos and photographs of uploaded properties.