https://www.taxtmi.com/news?id=13288 Banks are subject to Section 45E of the RBI Act confidentiality obligations while the Reserve Bank mandates a Board approved loan recovery policy, information sharing and monitoring to detect borrower distress, prompt restructuring of viable accounts, and recourse to recovery mechanisms such as the SARFAESI Act, Debt Recovery Tribunals and Lok Adalats to improve asset quality and reduce NPAs. en-us Tue, 12 Aug 2014 18:17:40 +0530 Tue, 12 Aug 2014 18:17:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13288 Banks are subject to Section 45E of the RBI Act confidentiality obligations while the Reserve Bank mandates a Board approved loan recovery policy, information sharing and monitoring to detect borrower distress, prompt restructuring of viable accounts, and recourse to recovery mechanisms such as the SARFAESI Act, Debt Recovery Tribunals and Lok Adalats to improve asset quality and reduce NPAs. News - Tue, 12 Aug 2014 18:17:40 +0530 https://www.taxtmi.com/news?id=13288