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‘Recoveries on NPA a/cs right...

MUMBAI: Edelweiss Financial Services said on...

‘Recoveries on NPA a/cs right of a creditor’

MUMBAI: Edelweiss Financial Services said on Sunday that recoveries on NPA accounts are not just a right of a creditor but also an obligation. Stating that it has acted in accordance with the letter and spirit of law regarding the recovery of late Nitin Desai's Rs 185 crore loan, Edelweiss said the regulatory framework established by the RBI prescribes that "pursuing recoveries on NPA accounts is not just a right of creditor but also an obligation". On August 2, Desai allegedly died by suicide. In one of his...

Karl Jörg - August 7, 2023

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‘Recoveries on NPA...

MUMBAI: Edelweiss Financial Services said on Sunday that recoveries on NPA accounts are not just a right of a creditor but also an...

Karl Jörg - August 7, 2023

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