https://www.taxtmi.com/news?id=21668 The Government implemented a 4R's strategy-recognition, resolution, recapitalisation and reforms-leading to transparent classification and provisioning of NPAs, withdrawal of restructuring flexibilities, recapitalisation of PSBs, strengthened PSB loan policies requiring pre-disbursement clearances and due diligence, segregation of sanctioning and monitoring for large loans, specialised monitoring and online one-time settlement platforms, and complementary fraud-deterrence measures including the Insolvency and Bankruptcy Code, a fraud-examination framework for large NPAs, the Fugitive Economic Offenders Act, passport certification for large borrowers, publication of wilful defaulter information, rotational transfers, and the National Financial Reporting Authority. en-us Wed, 10 Jul 2019 10:07:45 +0530 Wed, 10 Jul 2019 10:07:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21668 The Government implemented a 4R's strategy-recognition, resolution, recapitalisation and reforms-leading to transparent classification and provisioning of NPAs, withdrawal of restructuring flexibilities, recapitalisation of PSBs, strengthened PSB loan policies requiring pre-disbursement clearances and due diligence, segregation of sanctioning and monitoring for large loans, specialised monitoring and online one-time settlement platforms, and complementary fraud-deterrence measures including the Insolvency and Bankruptcy Code, a fraud-examination framework for large NPAs, the Fugitive Economic Offenders Act, passport certification for large borrowers, publication of wilful defaulter information, rotational transfers, and the National Financial Reporting Authority. News - Wed, 10 Jul 2019 10:07:45 +0530 https://www.taxtmi.com/news?id=21668