This begins with a strategy for the effective management and ultimate reduction of NPL stocks in a clear, credible, and feasible manner for each relevant portfolio. The primary responsibility for the reduction of NPLs stands with the Boards and management of banks. The guidance requests banks to implement clear NPL strategies including operational plans.
•  Remittance facilities through National Electronic Funds Transfer system (NEFT), Real Time Gross Settlement system (RTGS), Immediate Payment System (IMPS), Instant Money Transfer (IMT), etc., most of which can be accessed through multiple channels including net banking, mobile banking, ATMs and Business Correspondents.