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Law relating to Non-performing Asset with special reference to Recovery of Non-performing Asset in banks
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Srividya.S
LLM student at REVA University, India.
Abstract
Non-performing Asset is one of the biggest problem in India. It is a threat to the country and hinders the development of the country. Non-performing Asset is higher in banking sector. In recent years it has been increasing to a great extent, especially in the public sector banks. The increasing Non-performing Asset has its implications on profitability, liquidity of the banks. It will also affect the goodwill and public image of the banks. Non-performing Asset should be recovered as much as possible. There are certain ways to recover the Non-performing Asset under the various laws in India. This paper is to understand the laws that governs the Non-performing Asset and ways to recover it. This paper will also analyze the different modes of recovery adopted by the banks to recover Non-performing Asset and which is the more effective mode of recovery.
Type
Research Paper
Information
International Journal of Law Management and Humanities, Volume 5, Issue 2, Page 1457 - 1468
DOI: https://doij.org/10.10000/IJLMH.112970Creative Commons
This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
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