Process for recovering money for depositors post loan write-off "layered", needs simplification: Sitharaman ...Middle East

Union finance minister Nirmala Sitharaman on Monday said the processes for recovering money for depositors post bank loan write-offs are "layered" while noting that small depositors are put to "extreme difficulty" in the process of justice delivery. "Unfortunately the processes are so layered that by the time justice is sought to be delivered, many of the small depositors are put to extreme difficulty," Sitharaman said in Lok Sabha.

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