RECOVERY OF DEBTS

 

Ø      Steps for Recovery

Ø      Recovery of Debts Due to Banks and Financial Institutions Act, 1993

Ø      Banks to Reveal Loan Defaulters

Ø      Fresh Limit/Renewal/Enhancement to Wilful Defaulters

Ø      Banks, FIs to Set up Debt Restructuring Cell

Ø      Credit Information Bureau (CIB)

Ø      Lok Adalats for Small Loan Cases

Ø      New Arbitration Scheme to Speed up Recovery Process

Ø      Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002