Need multiple bad banks to address NPAs, get credit cycle back in action: CII
The CII in its pre-budget memorandum recommended that the government consider enabling Foreign Portfolio Investors (FPIs) and Alternative Investment Funds (AIFs) to purchase NPAs
PTI | December 21, 2020 | Updated 07:57 IST
A robust market-based mechanism will encourage public sector banks (PSBs) to sell their bad loans without fear of questions being raised later.
Industry body Confederation of Indian Industry (CII) on Sunday said it has urged the government to consider creation of multiple bad banks to address the adverse impact of non-performing assets (NPAs) accumulated by public sector banks in the recent past, that got further accentuated during the pandemic.