Misclassification of NPA – How to Challenge Banks
The banking system in India follows strict guidelines set by the Reserve Bank of India (RBI) to classify loan accounts as Non-Performing Assets (NPA). An NPA classification allows the bank to initiate aggressive recovery actions, including notices under the SARFAESI Act, loan recall, or even property auctions.However, wrongful NPA classification is not uncommon. Many borrowers […]
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