Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 33)
33.
What is the primary purpose of the BAANKNET portal launched by the government?
Loan Disbursement Management
Online Banking Services
E-auctions for Asset Sales
Digital Payment Processing
Answer: Option
Explanation:
The BAANKNET portal is designed to enhance the transparency and effectiveness of e-auctions for bank-owned assets, particularly focusing on the disposal of Non-Performing Assets (NPAs). The platform streamlines the listing and auctioning of assets, ensuring secure transactions and maximizing the realized sale value of bank-owned properties.
Discussion:
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