The increasing non-performing assets (NPAs) and the time consuming legal process of loan recovery prompted enactment of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act,
CS Professional · Banking - Law and Practice · PYQS · June 2014
The increasing non-performing assets (NPAs) and the time consuming legal process of loan recovery prompted enactment of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Describe the important provisions of this Act having a bearing on NPAs. Is it justified to use the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 as a tool in management of NPAs? Has this Act helped in quicker recovery of loan and reducing NPAS ?
Topics: Banking Law
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