<h1>RBI Pushes Banks for One-Time Settlement on NPAs, Targets Agriculture, MSMEs, Education with Enhanced Recovery Efforts.</h1> Banks, as instructed by the Reserve Bank of India (RBI), are implementing One Time Settlement (OTS) schemes for non-performing assets (NPAs), focusing on sectors like agriculture, MSMEs, and education. The Insolvency and Bankruptcy Code, 2016, and amendments to the Banking Regulation Act, 1949, facilitate time-bound resolution of stressed assets. RBI directed banks to initiate insolvency for 12 major accounts. Recovery efforts also utilize the SARFAESI Act and Debts Recovery Tribunals, with recent enhancements for efficiency. Public Sector Banks have committed to reforms for cleaner lending and stringent recovery processes as part of the government's agenda.