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It is of utmost importance to obtain appropriate and correctly executed security documents before disbursing an advance to borrowers. In case the borrowers fail to repay, the recovery of Bank’s dues, banks will mainly depend upon the enforcement of the security. Banks should, therefore, take necessary care and precaution while obtaining security documents in advance […]

बैंक में बढ़ते एनपीए और बकाये की वसूली की धीमी प्रक्रिया बैंकों के लिए महत्वपूर्ण चिंता का विषय है। लोक अदालत एक ऐसा मंच है जो विवादों के निपटारे में महत्वपूर्ण भूमिका निभाता रहा है। लोक अदालत बिना अदालतों का सहारा लिए न्याय दिलाने की एक प्रक्रिया है। इसकी प्रक्रिया स्वैच्छिक है और इस सिद्धांत […]

INTRODUCTION  The mounting of NPAs in the Bank and the tardy recovery process of the dues is an important concern for the Banks. Lok Adalat is one of the forums which has been playing an important role in the settlement of disputes. Lok Adalat is a process of administering justice without resorting to courts. Its […]

Introduction of Tribunal Banks and financial institutions have been experiencing considerable difficulties in recovering loans and enforcement of securities charged with them. The procedure for recovery of debts due to the banks and financial institutions, which is being followed, has resulted in a significant portion of the funds being blocked. Mounting of NPA is a […]

BRIEF HISTORY OF RBI The Reserve Bank, as the central bank of the country, started its operations as a private shareholder’s bank. RBI replaced the Imperial Bank of India and started issuing the currency notes and acting as the banker to the government. Imperial Bank of India was allowed to act as the agent of […]