Ibapi bank auction

Prospective buyers may use this portal to search and view details of properties and participate in the auction process.

When a person takes a loan from the bank and is unable to repay the loan, then the situation of auction of the mortgaged property arises. The bank has the right to auction the property to recover the loan. Indian Banks Association IBA , an organisation of banks, had started a portal for auctioned properties. Buyers can use this to find, view, and participate in auction of properties. First of all you have to open the portal by typing ibapi. At the top of the portal, you will see information about upcoming auctions. This will tell you how many properties will be auctioned in the next seven and 30 days and the type of property it is like residential, commercial or industrial.

Ibapi bank auction

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You will get the information about the existing auctions there.

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Reserve Price Range. Bank Name:. Branch Name:. Reserve Price Rs:. EMD Rs:. EMD Last Date:.

Ibapi bank auction

Finance Minister Nirmala Sitharaman today launched eBkray, an e-auction platform to enable online auction of attached assets by banks. The eBkray platform provides navigational links to all PSB e-auction sites, property search feature and presents single-window access to information on properties up for e-auction, comparison of similar properties, and also contains videos and photographs of the uploaded properties. Sitharaman, while launching the platform, said, "There has been information asymmetry when bank attached assets are auctioned which will come to an end with the launch eBkray. Buyers can use IBAPI portal to search and get properties details and participate in the auction process. Presently 21 banks are onboard on this portal. As on December 27, , a total of 35, properties had been uploaded on the e-auction platform by PSBs, Finance Ministry said in a statement. Currently, there are 2, residential, commercial, industrial and 18 agricultural properties are available on eBkray platform among others.

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Properties available at present. Auctions:: Industrial Properties. Download Money9 App for the latest updates on Personal Finance. Industrial Properties You can search for properties online and bid. Guidelines for e-Auction Platform. Most banks now do e-auction of properties. You will get the information about the existing auctions there. For more information, the number of the officers associated with the auction would also be given. If you want to buy a bank auctioned property then there is no need to search through the pages of the newspaper. First of all you have to open the portal by typing ibapi.

Prospective buyers may use this portal to search and view details of properties and participate in the auction process. Residential Properties.

When a person takes a loan from the bank and is unable to repay the loan, then the situation of auction of the mortgaged property arises. The hypertext links provided herein are meant only as a convenience and the inclusion of any link does not imply endorsement by of the referenced site. After which you will go to the MSTC website. Tutorial Video. If you want to buy a bank auctioned property then there is no need to search through the pages of the newspaper. Use of Trademark in stylized or modified form of our logo and product names, without prior permission is strictly prohibited. Notice to any user of this website. Agricultural Properties. Auctions:: Industrial Properties. This will tell you how many properties will be auctioned in the next seven and 30 days and the type of property it is like residential, commercial or industrial. You can search for properties online and bid.