The following are the seven steps to buy properties in Bank Auctions (https://bankauctions.in/) / Foreclosure properties (http://foreclosureindia.com/).
Almost all PSBs require recapitalization and the government cannot provide all the money. Sustainable solutions are needed
Non-performing assets of the Indian banking system have crossed the Rs 9 lakh crore-mark Reports suggest that asset reconstruction companies (ARCs) purchased non-performing assets (NPA) valued at around Rs 5,000 crore in the most recent July-September quarter.