Abstract: In India, banks have been the hub of financial system and have also played a crucial role in economic development of the nation. Therefore, it was very necessary for the banks to get their loans back so that their functioning keeps going on. However, regular civil courts failed to help banks in this regard. As a result, DRTs were brought into picture to exclusively deal with banks’ debt recovery cases. However, as this paper argues, even the DRTs have failed to recover the loans of banks, in efficient and speedy manner. A huge backlog of cases and mounting NPAs is the proof that DRTs have not been able to fulfil the statutory task they were conferred upon. Infrastructural constraints and too many adjournments are the reasons why DRTs have not been doing speedy recovery of cases. Therefore, what is needed to improve the situation is a fair implementation of the RDB Act u/which the DRTs were set up as well as a greater attention of the government towards DRTs.
Keywords: DRTs, RDB Act, Banks.
Title: DRTs: GAIN OR PAIN FOR BANKS?
Author: RAJANI PRABHA GUPTA
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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