https://www.taxtmi.com/news?id=15841 Consolidation of public sector banks is proposed to create stronger banking entities, and an Experts' Group will be constituted immediately to examine all issues related to consolidation. Concurrently, amendments to the Debt Recovery Tribunal Act and the SARFAESI Act are being pursued to expedite recoveries, and advancement of the Bankruptcy and Insolvency Law through the Budget Session has been signalled. Working groups of bankers, regulators and experts will operationalise reforms across NPA management, Restructuring (including Mergers & Acquisitions), Credit Growth, Technology and Risk Management. en-us Mon, 07 Mar 2016 10:08:17 +0530 Mon, 07 Mar 2016 10:08:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15841 Consolidation of public sector banks is proposed to create stronger banking entities, and an Experts' Group will be constituted immediately to examine all issues related to consolidation. Concurrently, amendments to the Debt Recovery Tribunal Act and the SARFAESI Act are being pursued to expedite recoveries, and advancement of the Bankruptcy and Insolvency Law through the Budget Session has been signalled. Working groups of bankers, regulators and experts will operationalise reforms across NPA management, Restructuring (including Mergers & Acquisitions), Credit Growth, Technology and Risk Management. News - Mon, 07 Mar 2016 10:08:17 +0530 https://www.taxtmi.com/news?id=15841