Govt targets NPL recovery with new Distressed Asset Law
The government is formulating a new legal framework titled the Distressed Asset Management Act, 2026 to accelerate the recovery of non-performing loans (NPLs) and manage long-stagnant assets in banks and non-bank financial institutions (NBFIs). Stakeholder feedback on the draft has already been collected. If a borrower fails to clear dues within a stipulated timeframe, specialized asset... Details
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