Policies for resolving non-performing loans (NPLs) have varied widely, with both centralised and decentralised approaches applied to clean up bank balance sheets and alleviate credit crunch pressures. Centralised approaches, which are often country-specific, consolidate resources and bargaining power, offering economies of scale that can more effectively recover asset values. In contrast, decentralised approaches, which rely on individual banks to manage NPLs, leverage each bank’s knowledge of borrower profiles, enabling faster, tailored resolutions. However, decentralised policies have limitations due to narrow mandates, which restrict their impact on specific banks or branches. While each method has its merits, smaller banks have shown reluctance to adopt restructuring policies, and debates over the most effective approach continue. The choice of strategy often depends on factors such as the size of the bank, market structure, regulatory support, and sovereign backing. This chapter examines the NPL resolution strategies and policies in the UK, India, and Ireland, exploring the relative success and failure of these approaches. It considers the effectiveness of each strategy in reducing NPLs, particularly given the divided opinions on the suitability and sustainability of these policies in a diversified and complex banking environment.