<h1>Revamped 'Baanknet' Portal Launched: Streamlining E-Auctions for Asset Recovery with Enhanced Features in New Delhi.</h1> The Secretary of the Department of Financial Services launched the revamped 'Baanknet' e-auction portal in New Delhi, serving as a centralized platform for e-auctioning properties. It includes a wide range of assets such as residential and commercial properties, industrial land, vehicles, and machinery. The portal aims to streamline the auction process, aiding Public Sector Banks in asset recovery and improving their financial health. Enhanced features include integrated payment systems, KYC tools, and a user-friendly interface. Training for effective use of the portal has been provided, with over 122,500 properties already listed for auction.