A Study on Role of Statutory Bodies in Handling NPAs
| Main Authors: | K.S., Venkateswara Kumar, Kalvakolanu, Sripathi, Sama, Hanumantha Rao |
|---|---|
| Format: | Article Journal |
| Bahasa: | eng |
| Terbitan: |
, 2017
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| Subjects: | |
| Online Access: |
https://zenodo.org/record/4451985 |
Daftar Isi:
- The banking sector in India is in a crisis with the increase in burden of bad loans provisioning and the decline in profitability of commercial sector banks particularly Public sector banks. Bad loans are a drag on bank resources for two reasons – one, they don’t earn any interest income and second, they lock up precious resources in the form of NPAs. Therefore, recovery of bad loans has assumed urgency. The value of loans in India increased 5.80 percent in December of 2016 over the same month in the previous year. Loan Growth in India averaged 12.79 percent from 2012 until 2016, reaching an all-time high of 18.70 percent in April of 2012 and a record low of 5.80 percent in December of 2016.This paper attempts to study the process and effect of SARFASEI Act with the other recovery methods adopted viz; Lok Adalats and DRT and its impact in recovering the non-performing assets in commercial banks in India. The study has been made to find out the percentage of recovery made in SARFAESI Act 2002 in compare with Lok Adalats and DRT and also to identify the number of cases referred to the Lok Adalats, DRT & SARFAESI Act.