New Delhi, Dec. 31 -- The Department of Financial Services (DFS) organised a colloquium of Chairpersons of Debt Recovery Appellate Tribunals (DRATs) and Presiding Officers of Debt Recovery Tribunals (DRTs) on Tuesday at Vigyan Bhavan, New Delhi.

The event was attended by senior DFS officials, representatives from public and private sector banks, and the Indian Banks' Association.

While addressing the participants, M. Nagaraju, Secretary, DFS, outlined key initiatives aimed at deepening digitisation and enhancing tribunal processes, including mandatory e-filing, video conferencing, and hybrid hearings.

The colloquium featured discussions on enhancing the effectiveness of recovery processes in DRTs.

The discussions focused on strengthen...