“Key areas of discussion included strengthening oversight and monitoring mechanisms within banks to enhance recoveries through DRTs, prioritising high-value cases for optimal recovery outcomes; leveraging Lok Adalats as an effective alternate dispute resolution,” it said, adding mechanisms for expeditious disposal, procedural reforms to accelerate case disposal and comprehensive capacity-building initiatives were discussed.
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With renewed emphasis on capacity building and strengthening infrastructure through targeted training programmes, DRTs have witnessed an encouraging increase in monthly disposal rates, it said.