<h1>Government Opts Out of National Asset Reconstruction Company, Focuses on Debt Recovery Tribunals for Bad Loan Management.</h1> The government has no plans to establish a National Asset Reconstruction Company for managing bad loans of stressed banks. Instead, Debt Recovery Tribunals (DRTs) are utilized to expedite the recovery of debts under the Recovery of Debts due to Banks and Financial Institutions Act, 1993, with a 180-day resolution mandate. Non-performing assets (NPAs) have increased due to global economic slowdown and market uncertainties affecting exports and raw material prices. Measures to address NPAs include sector-specific interventions and the establishment of six new DRTs. The Reserve Bank of India has initiated steps like the Joint Lenders Forum and Strategic Debt Restructuring Scheme.