How to Participate for an E Auction: A Beginner's Guide
E-auctions have become increasingly popular as a quick and easy way to buy and sell goods and services online. With the rise of e-auction portals, it has become easier than ever to participate in e-auctions. As per the report from RBI, the GNPA of public sector banks will increase to 9.4% by the end of September 2023 . It was 6.5% in September 2022. Private banks are also facing an increase of GNPA to 4.1%, stipulated by RBI within this timeline. If you are new to e-auctions and want to participate in one, this beginner's guide will help you get started. Step 1: Choose an E-Auction Portal The first step is to choose the Auction Bazaar e-auction portal. Auction Bazaar is an online marketplace selling distressed properties, including NPA bank auction properties. The platform offers a wide range of residential, commercial, and industrial properties, all at affordable prices. Step 2: Register on the E-Auction Portal Once you have chosen an e-auction portal, the next...