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Understanding SARFAESI Act 2002 by Anisa Khan is a document available to read on EtoBox.

What is Understanding SARFAESI Act 2002 about?

The document discusses the SARFAESI Act 2002, which allows banks and financial institutions to recover non-performing assets (NPAs) or bad loans. It introduced effective tools for banks like securitization, asset reconstruction, and enforcement of security interests to deal with NPAs. The Act considers the rights of borrowers as well. Certain loans like those below Rs. 100,000 are not eligible. The SARFAESI Act aims to provide a mechanism to recover NPAs while balancing borrower protections.

Author

Anisa Khan

Language

EN