Keep your Face to the SunShine
If the process of NPA is removed then some other alternative must have been thought of for complying with previous provisions.
I think this step with make the lending process even tougher as banks will be wary of giving credit to small borrowers who cannot offer sufficient collateral. Big borrowers may also be asked to offer more collateral than the credit facility offered.
Seems as good decision but more clarity required for the recovery process in case of failure of a business.
Live before you leave.
This decision may have a lot of impacts and they may tighten their procedures for sanctioning loans. That is good. A common man who earns a little money and deposits in the bank thinking that it is safe there. But he never knows that his money is not safe there also. Let us hope that a common will get confidence in the Indian Banking system with such decisions by the judiciary.
Knowledge is power.