Banking and Debt Recovery

An examination of debt recovery in the South Asian countries of India, Sri Lanka and Malaysia. These countries have been chosen for different reasons: India, because it is one of the largest emerging economies in Asia; Sri Lanka, because of its legal system, which is a blend of common law and Roman Dutch legal concepts; and Malaysia, on account of the significant economic progress it has made through the adoption of a special socio-governmental approach. It is hoped that this comparative analysis would enable sufficient improvement in debt recovery laws and practices in emerging economies, to bring about significant economic and social progress. The main purport of this book is to demonstrate that a suitable debt recovery system for a developing economy requires, not only good laws and judicial remedies in place, but also appropriate financial industry practices as to credit and loan supervision policies, linked to equitable debt recovery procedures that include effective enforcement of security.