Latest News on Debt Recovery Tribunals
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Debt Recovery Tribunals - Total results - 9
Jun 28, 2019
Union Budget 2018-19: It's time to usher governance reforms in banks, bring sector back on trackThe recognition of e-KYC can also aid in boosting the productivity of bank resources and save costs involved in manual procedural formalities.
Jun 13, 2019
Union Budget 2019: Bank unions bat for strong loan recovery laws with provision to confiscate defaulters’ assetsWith the rise in NPAs, the government should institute more debt recovery tribunals and fast-track courts to recover bad loans, it said.
Jan 15, 2019
Govt says Mudra defaults no concern as majority loans securitised; RBI warns Centre of spike in NPAs under schemeRBI alerted the finance ministry over the rise of NPAs under the Mudra Yojana and said that the scheme could become next big source of bad loans.
Sep 21, 2018
The Great Indian NPA Mess: How MUDRA scheme, Kisan credit cards could pose the next round of risk for banking sectorThe loans extended under the government’s MUDRA scheme and Kisan Credit Cards pose a potential credit risk. These growing liabilities need to be examined with greater urgency.
Sep 06, 2018
Monetary limit for filing cases in Debt Recovery Tribunals doubled to Rs 20 lakh, says govtThe move is aimed at helping reduce pendency of cases in Debt Recovery Tribunals (DRTs).
Jul 22, 2016
Parliamentary panel approves debt recovery law with changesThe panel recommended that passing of an ex-parte order after the show cause notice of 30 days of the service of summons may be a violation of the principles of natural justice.
Jul 20, 2016
8,167 wilful defaulters owe banks Rs 76,685 cr, says Arun JaitleyCongress member Digvijay Singh expressed concern over the poor conviction rate in such matters which, as per the details provided by the Finance Minister, was just 1.14 per cent during 2015-16.
May 11, 2016
Govt brings Bill for expeditious disposal of debt recovery pleas pending before tribunalsAmid furor over Vijay Mallya loan default matter, the government on Wednesday introduced in the Lok Sabha a Bill which provides for expeditious disposal of debt recovery applications pending before tribunals.
Dec 23, 2014
Rajan takes his fight against crony capital further with his 'non-cooperative borrower' tagThe RBI is tightening the screws against crony borrowers who manage to delay repayments and loan recoveries to banks endlessly using chinks in the system