https://www.taxtmi.com/news?id=16068 Government measures addressing NPAs combine sectoral revival, bank recapitalisation and governance reforms with legal and enforcement changes. For stressed accounts emphasis is on reviving key sectors, recapitalising public sector banks and granting managerial autonomy. To deter wilful default the Government has advanced the Insolvency Law for Parliament, amended the SARFAESI and DRT statutes to expedite recovery, and directed banks to pursue guarantors and statutory remedies where creditor action was insufficient. en-us Wed, 27 Apr 2016 14:11:52 +0530 Wed, 27 Apr 2016 14:11:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16068 Government measures addressing NPAs combine sectoral revival, bank recapitalisation and governance reforms with legal and enforcement changes. For stressed accounts emphasis is on reviving key sectors, recapitalising public sector banks and granting managerial autonomy. To deter wilful default the Government has advanced the Insolvency Law for Parliament, amended the SARFAESI and DRT statutes to expedite recovery, and directed banks to pursue guarantors and statutory remedies where creditor action was insufficient. News - Wed, 27 Apr 2016 14:11:52 +0530 https://www.taxtmi.com/news?id=16068