SARFAESI Act 2022, institutional framework for business, banking operations
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John
English
College Students
Concise
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Summary
The SARFAESI Act 2022 empowers banks and financial institutions to recover non-performing assets (NPAs) without court intervention. It outlines methods such as securitization, reconstruction of financial assets, and enforcement of security interest. The Act aims to streamline loan recovery processes, enhancing banks' ability to manage defaults effectively.