Finance Minister launches "eBkray" auction platform

Union Finance Minister Nirmala Sitharaman has launched an online auction platform "eBkray" 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.
The Indian Banks Auctions Mortgaged Properties Information (IBAPI) portal is an initiative of Indian Banks Association (IBA) under the Department of Financial Services of the Ministry of Finance. It will provide details of mortgaged properties for e-auction. This will be started from Public Sector Banks.
The Indian Bank Association was formed in 1946 and headquartered in Mumbai.
V.G Kannan is the C.E.O of Indian Banks Association.
Minister of State for Finance and Corporate Affairs - Anurag Singh Thakur
Finance Secretary - Rajiv Kumar
Revenue Secretary - Ajay Bhushan Pandey