TMI BlogResolution of Stressed Assets by BanksX X X X Extracts X X X X X X X X Extracts X X X X ..... Resolution of Stressed Assets by Banks - News and Press Release Dated:- 18-3-2017 - News - Total Stressed Assets (Gross Non Performing Assets and Restructured Standard Advances) of Scheduled Commercial Banks (SCBs) was ₹ 9.64 lakh crore as on Dec 31, 2016 and Reduction in NPAs- due to actual recoveries (April to Dec) for SCBs are ₹ 46,245 crore at the end of Dec 31, 2016 for global o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... perations. RBI has provided a number of resolution tools viz. Corporate Debt Restructuring (CDR), Formation of Joint Lenders Forum (JLF) including rectification, restructuring and recovery, Flexible Structuring for long term project loans to Infrastructure and Core industries (5/25 Scheme), Strategic Debt Restructuring Scheme (SDR) and Sustainable Structuring of Stressed Assets (S4A). The G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... overnment has taken sector specific measures (Infrastructure, Power, Road, textiles, Steel etc.) where incidence of NPA is high. The Insolvency and Bankruptcy code (IBC) has been enacted and Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI) and The Recovery of Debts due to Banks and Financial Institutions (RDDBFI) Act have been amended to imp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rove resolution/recovery of bank loans. Six new Debt Recovery Tribunals (DRTs) have been established for improving recovery. This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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