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<h1>Government Directs PSBs to Conduct E-Auctions for Property Sales Under SARFAESI Act for Transparency and Fairness.</h1> Public Sector Banks (PSBs) were advised to conduct auctions of immovable properties under the SARFAESI Act, 2002 through e-Auction to ensure transparency and fairness. Following government instructions, PSBs have selected a service provider for e-auctions, and several banks have already begun implementing this process. This information was provided by the Minister of State for Finance in a written response to a question in the Lok Sabha.