Banks will conduct periodical review of the performance of empanelled advocates at debt recovery tribunals (DRTs) and rationalise the cases assigned to them based on performance, the finance ministry said on Saturday.This is part of the issues discussed at a conference of Chairpersons of Debt Recovery Appellate Tribunals (DRATs) and Presiding Officers of Debt Recovery Tribunals (DRTs) chaired by Department of Financial Services Secretary Vivek Joshi.The meeting was also attended by senior officers from the public and private sectors banks; chief executive officer (CEO), Indian Bank Association (IBA); and senior officers from the Ministry of Finance and Insolvency and Bankruptcy Board of India (IBBI).TRENDING NOWEtihad reports 10% rise on pre-pandemic levels; aims to finish 2024 with 35-40% further growthBanks to conduct periodic performance review of empanelled advocates to fast-track cases in DRTsAround 90% respondents say getting pesky calls despite being registered in DND list: LocalCirclesRVNL’s order book touches Rs 65,000-crore mark; aims to add foreign projectsRBI action on Paytm Payments Bank has drawn fintechs’ attention to compliance of laws: MoS IT ChandrasekharMcap of six most valued firms plunge by Rs 71,414 crore; LIC and TCS biggest laggardsProgress of India-UK trade pact talks reviewed at highest level: ReportsHimachal Budget: Losses of public sector firms hit Rs 5,143 crore in FY23; 14 out of 23 units in redTwo full-blown multi-billion dollar semiconductor plants going to come up in India: MoS Rajeev ChandrasekharDelhi Weather Update: National Capital records 7.4 degrees Celsius minimum temperatureSeeking stronger mandate for India’s benefit: PM Narendra ModiYoung Indians take to SIP on financial literacy, ease of transaction: WhiteOak MF officialSundaram Alternates looks to raise Rs 1,000 crore from global investors to fund green realty projectsSovereign Gold Bonds 2024, SGB Series-IV: How are SGBs taxed? Is there tax on interest? Are capital gains exempted?UAE’s non-oil trade hit record 3.5 trillion dirhams in 2023The conference also discussed that DRTs and DRATs would take all possible steps to reduce pendency at various stages through strict monitoring.Several suggestions regarding changes and amendments in Debts Recovery Tribunal Regulations, SARFAESI Act and RDB Act discussed to make the process of recovery more efficient.”Banks to conduct periodical review of the performance of empanelled advocates and rationalise the assignment of cases to the empanelled advocates taking into account their performance,” a finance ministry statement said.The meeting also discussed that banks and financial institutions would reconcile cases which are pending in DRTs and DRATs but have already been settled.It was also discussed that banks would ensure presence of their officers at all the hearings of their respective cases before judicial forums, the statement added.