December 19, 2022 12:47 PM

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FM Sitharaman stresses there is definitely a need to bring solution to simplify process to recover people's money from defaulter banks

<span style="color: #222222;">Finance Minister Nirmala Sitharaman today stressed that there is definitely a need to bring a solution to simplify the process to recover people's money from the defaulter banks. Replying to the supplementary during Question Hour in Lok Sabha, the Finance Minister said that even if the government wants to get the attached portion of the assets of defaulter banks for payment to the account holders, it doesn't get permission from the court.<br />''<br />''Referring to the case of the PMC bank in Maharashtra, the Finance Minister said that the government approached the court to detach the portion of the attached assets of the Bank, but it was not permitted by the court.</span><br />

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