Monday, February 12, 2001
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`FIs, banks should help debt recovery tribunals' 

 
Mumbai, Feb 11: IFCI chairman Mr PV Narasimham has proposed that financial institutions and banks should contribute towards setting up an infrastructure fund for debt recovery tribunals (DRT), which can boost the debt recoverymanagement from the corporate sector. Addressing a gathering of leading representatives from FI's and banks at a meet on `Towards Removing Roadblocks in Debt Recovery Mechanism through the Legal Process' at the Indian Merchants Chamber. Mr Narsimham added that the need of the hour was `faster debt recoveries'.

(UNI)

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