Comprehensive steps taken by the Central Government under the 4R’s strategy to reduce NPAs of Public Sector Banks

Comprehensive steps taken by the Central Government under the 4R’s strategy to reduce NPAs of Public Sector Banks https://www.taxtmi.com/news?id=21710 Central Government implemented a coordinated 4R strategy-recognition, resolution, recapitalisation and reforms-to address NPAs in PSBs by enforcing transparent recognition, using the Insolvency and Bankruptcy Code to change creditor-borrower relations and exclude wilful defaulters, instituting board-approved loan policies, enhanced due diligence, segregation of sanctioning and monitoring for large exposures, specialised monitoring agencies, and digital one-time-settlement platforms to improve recoveries. en-us Tue, 16 Jul 2019 18:31:07 +0530 Tue, 16 Jul 2019 18:31:07 +0530 TaxTMI RSS Generator Comprehensive steps taken by the Central Government under the 4R’s strategy to reduce NPAs of Public Sector Banks https://www.taxtmi.com/news?id=21710 Central Government implemented a coordinated 4R strategy-recognition, resolution, recapitalisation and reforms-to address NPAs in PSBs by enforcing transparent recognition, using the Insolvency and Bankruptcy Code to change creditor-borrower relations and exclude wilful defaulters, instituting board-approved loan policies, enhanced due diligence, segregation of sanctioning and monitoring for large exposures, specialised monitoring agencies, and digital one-time-settlement platforms to improve recoveries. News - Tue, 16 Jul 2019 18:31:07 +0530 https://www.taxtmi.com/news?id=21710