Many methods have been used to manage non-performing assets. It was done through the establishment of Lok Adalats, credit information bureau, civil courts, debt recovery tribunals, national company law tribunals, asset reconstruction companies, corporate debt restructuring, compromise/ settlement schemes. You can read about the Non Performing Assets (NPA) – What is the meaning of NPA? [UPSC Economics Notes] in the given link.
- RBI – Reserve Bank of India [UPSC Indian Economy Notes]
- Bad Banks – Idea Proposed by Indian Banking Association (IBA) Due to COVID-19