https://www.taxtmi.com/news?id=15890 Recovery of impaired bank loans is being pursued through the statutory Debt Recovery Tribunals under the Recovery of Debts due to Banks and Financial Institutions Act, 1993, with a mandated disposal period for applications filed by banks and financial institutions under Section 19(24). The Government has no proposal to create a National Asset Reconstruction Company and has approved additional DRTs and sectoral measures, while the central bank has promoted Joint Lenders' Forums, flexible long term loan structuring and Strategic Debt Restructuring to resolve stressed corporate exposures. en-us Sat, 12 Mar 2016 10:03:55 +0530 Sat, 12 Mar 2016 10:03:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15890 Recovery of impaired bank loans is being pursued through the statutory Debt Recovery Tribunals under the Recovery of Debts due to Banks and Financial Institutions Act, 1993, with a mandated disposal period for applications filed by banks and financial institutions under Section 19(24). The Government has no proposal to create a National Asset Reconstruction Company and has approved additional DRTs and sectoral measures, while the central bank has promoted Joint Lenders' Forums, flexible long term loan structuring and Strategic Debt Restructuring to resolve stressed corporate exposures. News - Sat, 12 Mar 2016 10:03:55 +0530 https://www.taxtmi.com/news?id=15890