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Home » MBA Interview Questions » MBA - Banking Interview Questions » what is debt recovery tribunal ?

what is debt recovery tribunal ?

Expert Suggestions on Preparation for Computer Based CAT-09


what is debt recovery tribunal ?

Govt. of India formed DRT (Debt Recovery Tribunal) to speed  up the recovery in the case of Non-performing assets of
Banks, Financial Institutions etc.  It took much time to clear the cases by Court earlier.  As the NPA stake of Banks/FIs went up sharply without any
resolution, DRT was formed to deal with such cases.  They will issue Recovery Certificate once the case is disposed.



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