Monday, September 17, 2012

Banks take e-route to auction bad assets

Kolkata, September 15: Planning to buy a house and want to search for properties on the internet? Real estate portals are the not the only options that are available to you.


With mounting pressure on the asset quality banks are taking the electronic route to list and auction their bad assets including premium residential flats and industrial lands. Public sector banks like State Bank of India (SBI), Bank of India, IDBI Bank, Indian Overseas Bank and many others have started positing the recovery notices for their bad assets on npasource.com.  The dedicated website for resolution of non-performing assets (NPA) of banks and financial institutions even allow buyers to modify their search in terms of geography, asset type and value.


“We have been meeting all senior bank officials associated with NPA recoveries and creating awareness among them about the benefits that would accrue to them if they were to utilise npasource.com as another alternative to resolve...

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