If you are thinking of buying residential or commercial property, then you can take part in the Punjab National Bank auction on November 28. Mega e-auction is being organized by Punjab National Bank on 28th November. In this, residential or commercial properties will be auctioned.
PNB has asked to visit the link https://ibapi.in for detail information on its social media platforms. More than 11 thousand residential properties are going to be auctioned on this website. At the same time, there are more than 2600 commercial and more than 1350 industrial properties. 11 banks including SBI, PNB are involved in this process of auction.
Have you been eyeing a property for long?
— Punjab National Bank (@pnbindia) October 23, 2021
How is the property: Actually, from time to time, banks auction the property of the defaulter. These are the defaulters who fail to repay the loan amount. Despite all the efforts, the bank is unable to get the loan dues. In such a situation, the auction route is adopted by the bank. Banks recover their dues by auctioning the property.