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of <h1>RBI Mandates 10% Credit Allocation to Weaker Sections; Govt Implements 4R Strategy to Enhance Banking Operations.</h1> The Reserve Bank of India has mandated that Scheduled Commercial Banks allocate 10% of their Adjusted Net Bank Credit or Credit Equivalent of Off-Balance Sheet Exposure to weaker sections, a target achieved in recent years. To enhance banking operations, the government has implemented a 4R strategy: recognition, resolution, recapitalization, and reforms. Reforms include digital banking, efficient loan practices, risk management, and human resource development. The Insolvency and Bankruptcy Code and amendments to the Banking Regulation Act have strengthened NPA resolution processes. Additional measures include the establishment of Stressed Asset Management Verticals and Debts Recovery Tribunals to expedite asset recovery.
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