Banknet Case Study

Designed and delivered a nationwide, multi-entity E-Auction platform for PSB Alliance to digitize property auctions across public and private sector banks. The solution supports onboarding, auction lifecycle management, bidder management, payments, analytics, and real-time dashboards at scale.

PSB Alliance required:

• A centralized auction platform for multiple banks
• Role-based access for Head Office, Zonal, and Branch users
• Secure bidder onboarding with KYC verification
• Transparent auction lifecycle tracking
• Payment handling with EMD deposit management
• Real-time dashboards and reporting
• Scalability for nationwide adoption

Manual and fragmented systems created:

• Delays in auction execution
• Limited bidder visibility
• Complex coordination between banks
• Compliance and audit challenges

Multi-Entity Onboarding:

• Bank onboarding (Public, Private, RRBs, ARCs, Official Liquidators)
• Hierarchical officer onboarding
• Configurable roles & rights management
• Audit trail based control
• Property Lifecycle Management
• Auction Lifecycle Management
• Bidder Lifecycle Management
• AI/ML Capabilities