KEY PROVISIONS OF THE SARFAESI ACT: EMPOWERING BANKS AND FINANCIAL INSTITUTIONS.
KEY PROVISIONS OF THE SARFAESI ACT: EMPOWERING BANKS AND FINANCIAL INSTITUTIONS. Introduction: The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, enacted in 2002, has been a significant legislation empowering banks and financial institutions in India. Designed to address the mounting issue of non-performing assets (NPAs) and loan defaults, the […]
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