https://www.taxtmi.com/news?id=4029 Banks were directed to adopt a loan recovery policy prescribing recovery methods, period wise reduction targets, norms for permitted sacrifice or waiver, factors for waiver consideration, decision levels, reporting and monitoring of write offs/waivers; the Reserve Bank of India monitors NPA levels through regulatory returns, inspections and supervisory meetings; the Government urged appointment of nodal recovery officers, special recovery drives, early warning systems and replacement of post dated cheques with Electronic Clearance System to improve asset quality and prevent slippages. en-us Thu, 22 Nov 2012 17:13:30 +0530 Thu, 22 Nov 2012 17:13:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4029 Banks were directed to adopt a loan recovery policy prescribing recovery methods, period wise reduction targets, norms for permitted sacrifice or waiver, factors for waiver consideration, decision levels, reporting and monitoring of write offs/waivers; the Reserve Bank of India monitors NPA levels through regulatory returns, inspections and supervisory meetings; the Government urged appointment of nodal recovery officers, special recovery drives, early warning systems and replacement of post dated cheques with Electronic Clearance System to improve asset quality and prevent slippages. News - Thu, 22 Nov 2012 17:13:30 +0530 https://www.taxtmi.com/news?id=4029