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What Makes the SARFAESI Act a Lender’s Most Powerful Weapon?
The Indian banking sector, for decades, struggled with the mounting problem of bad loans, technically known as Non-Performing Assets (NPAs). The traditional legal recovery process was notoriously slow, often taking years to conclude, which clogged the financial system and hampered economic growth. To address this critical issue, the Parliament enacted the Securitisation and Reconstruction of…