State banks told to avoid appeals at multiple debt recovery tribunals

The government has urged public sector banks to improve their debt recovery strategies. Banks are examining the legal feasibility of consolidating cases to streamline recovery efforts. A review will be held by the end of the fiscal year to assess progress. The aim is to reduce case pendency and optimize recovery processes.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tFq6NSQ
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