ADVERTISEMENT

Average Annual Loan Recovery Rate Under DRT 25 %: Report

Average Annual Loan Recovery Rate Under DRT 25 %: Report
New Delhi: The average annual recovery rate under Debt Recovery Tribunal (DRT) mode was estimated to be around 25 per cent, said a report. "Consequently, considering a four-year wait to dispose all the cases pending under DRT mode, opportunity cost to banks and financial institutions was estimated to be around Rs 25,000 crore," CUTS International said in a statement. The average annual recovery rate under Securitisation mode was es...
Register for Free
to continue reading
OUR NEWSLETTERS
By signing up you agree to the Terms & Conditions of NDTV Profit