https://www.taxtmi.com/news?id=21534 The Government adopted a 4R strategy-recognition, resolution, recapitalisation and reforms-prompted by an Asset Quality Review that led to transparent reclassification of stressed accounts as NPAs, withdrawal of restructuring flexibilities and increased provisioning. Complementary measures included use of the Insolvency and Bankruptcy Code to change creditor borrower relations and exclude wilful defaulters, large scale recapitalisation of Public Sector Banks, strengthened loan policies and due diligence, segregation of monitoring from sanctioning for large loans, and online One Time Settlement platforms to improve recoveries. en-us Wed, 03 Jul 2019 14:30:48 +0530 Wed, 03 Jul 2019 14:30:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21534 The Government adopted a 4R strategy-recognition, resolution, recapitalisation and reforms-prompted by an Asset Quality Review that led to transparent reclassification of stressed accounts as NPAs, withdrawal of restructuring flexibilities and increased provisioning. Complementary measures included use of the Insolvency and Bankruptcy Code to change creditor borrower relations and exclude wilful defaulters, large scale recapitalisation of Public Sector Banks, strengthened loan policies and due diligence, segregation of monitoring from sanctioning for large loans, and online One Time Settlement platforms to improve recoveries. News - Wed, 03 Jul 2019 14:30:48 +0530 https://www.taxtmi.com/news?id=21534