Indian Banking system has brought the NPAs under control in a very systematic manner over a period of 15 years between 1993 and 2008 in a gradual manner in compliance with RBI Guidelines and attaining international standards. Several legal changes like DRTs, BIFR, CDR, Lok Adalat, Compromise Settlements, One Time Settlements and Write Offs, as also SARFAESI Act have strengthened the hands of bankers in the process.
Tags:
Asset Reconstruction Companies , Indian Banking System , NPAs , Prudential Norms , RBI , Securitisation
By:
chowdarip
Entertainment
34 months ago
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