also said that although the existing laws are
adequate to tackle the bad assets/recovery issue, there is a need for institutions like the debt recovery tribunals to function in a timely manner as a precondition for faster resolution of recovery cases.
"Limited period should be given for the company. We get injunctions from various agencies and courts, which delay the recovery process," she said.
The government and the Reserve Bank have repeatedly expressed concern over the bad assets issue and also come up with a slew of changes in the regulations periodically to make it easier for banks to recover funds.
The latest includes a discussion paper by the RBI which is aimed at early resolution of NPAs and NPA management.