Drats

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Supreme Court asks Centre to give details of recovery cases filed by banks
Business

Supreme Court asks Centre to give details of recovery cases filed by banks

It had earlier said that non-performing assets amount to lakhs of crores of rupees as the recovery mechanism is not upto the mark and the facilities at DRTs and Debt Recovery Appellate Tribunals (DRATs), meant for recovering bad loans of financial institutions, are poor.

Indian banking's 'weak underbelly' exposed and the story is not over, says Uday Kotak
Business

Indian banking's 'weak underbelly' exposed and the story is not over, says Uday Kotak

Kotak also questioned whether nationalisation of banks served the purpose of checking disproportionate lending to big businesses.