SARFAESI Act,2002

What is SARFAESI act,2002?

SARFAESI here stands for
Securitisation and Reconstruction
of Financial Assets and
Enforcement of Security Interest.
Banks utilize this act as an
effective tool for bad loans ( NPA)
recovery.
Upon loan default, banks can
seize the securities (except

How it works?
SARFAESI Act, 2002 gives powers of
seize and desist to banks.