........To improve the health of the financial sector and to improve asset quality of banks, besides preventing slippages, the Reserve Bank of India from time to time issues instructions to the banks. According to the norms, he said, each bank was required to have a robust mechanism for early detection of signs of distressed including prompt restructuring in the case of all viable accounts; to have a loan recovery policy which sets down the manner of recovery dues, targeted level of reduction and monitoring of write-off..........
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