SARFAESI ACT, 2002- Applicability, Objectives, Process, Documentation
(The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest) The SARFAESI Act 2002 became law on 22nd June 2002, and it regulates the securitization and reconstruction of financial assets, as well as
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Future of Online Dispute Resolution System for Digital Payments
“A scheme of retail payments in offline mode using cards and mobile devices, and a system of on online dispute resolution system for digital payments will also be introduced,” said RBI governor Shaktikanta Das Richard
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Why do NBFC Companies need legal case management software?
Legal case management systems are created to assist banks and financial institutions with their recovery procedures by automating them and providing smooth access to the legal information regarding borrowers, NPA accounts, bank recovery, and so
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What are the powers of the debt recovery tribunal?
The Recovery of Debts and Bankruptcy Act (RDB Act), 1993 came into force on the 24th day of June 1993. It has established The Debts Recovery Tribunals (DRTs) and Debts Recovery Appellate Tribunals (DRATs) to
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Effective Techniques to Make Loan Recovery Easier
One of the most crucial aspects of the lending business is debt collection or loan recovery. Lenders need to ensure that non-performing assets on their books are as low as possible. Lenders expend considerable resources
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