There are various avenues for recovery of Non Performing Asset (NPA), they are Insolvency and Bankruptcy Code, the SARFAESI Act, Asset Reconstruction, Debt Recovery Tribunals, Lok Adalats. You can read about the Non Performing Assets (NPA) – What is the meaning of NPA? [UPSC Economics Notes] in the given link.
Further readings:
- RBI – Reserve Bank of India [UPSC Indian Economy Notes]
- Bad Banks – Idea Proposed by Indian Banking Association (IBA) Due to COVID-19
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