Though banks have been making serious efforts to reduce their non-performing assets through various legal channels, the amount recovered by scheduled commercial banks (SCBs) in 2015-16 at ₹22,768 crore was 26 per cent lower compared with ₹30,792 crore in the previous year, the Reserve Bank of India said. The legal channels that banks resort to for reducing NPAs include Lok Adalats, Debt Recovery Tribunals (DRTs) and invocation of SARFAESI (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act).
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Almost all PSBs require recapitalization and the government cannot provide all the money. Sustainable solutions are needed
Non-performing assets of the Indian banking system have crossed the Rs 9 lakh crore-mark Reports suggest that asset reconstruction companies (ARCs) purchased non-performing assets (NPA) valued at around Rs 5,000 crore in the most recent July-September quarter.