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Recovery of Loans

News and Press Release - Dated:- 12-3-2016 - The Government does not have any proposal to form National Asset Reconstruction Company (NARC) for bad loans of stressed banks. However, Debt Recovery Tribunals (DRTs) have been set up by the Government for facilitating recovery of Banks/Financial Institutions dues under Recovery of Debts due to Banks and Financial Institutions Act (RDDBFI), 1993. Under Section 19 (24) of the Act, DRTs have been mandated to dispose off the applications filed by Banks/ .....

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(SCBs) are as under: Rs. in Crore Corporate Lending Year Gross Advances Gross NPAs GNPA Ratio 2012-13 31,11,761 1,00,118 3.22 2013-14 34,06,025 1,54,955 4.55 2014-15 36,15,133 1,93,123 5.34 2015-16 (till Dec. 15) 38,41,836 2,60,653 6.78 The Government has taken specific measures to address issues in sectors such as infrastructure (power, roads etc.), steel and textiles, where incidence of NPAs is high. The Government has also approved establishment of six new DRTs to speed up the recovery of bad .....

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