Why has loan recovery via Lok Adalat jumped four-fold?
GS Paper 3 Syllabus: Indian Economy and issues relating to Planning, Mobilization of Resources Source: IE Direction: The article highlights why the number of stressed accounts reported to Lok Adalats by banks increased dramatically in 2021-22 and contains explanatory infographics on Lok Adalats and NPAs. Context: In 2021-22, the number of non-performing …
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