Multiple bad banks needed to solve NPA problem: CII2 min read . Updated: 21 Dec 2020, 06:16 AM IST
According to the RBI, gross NPAs of banks may increase from 8.5% in March 2020 to 12.5% by March 2021
The Confederation of Indian Industry (CII) has urged the government to consider setting up “multiple bad banks" to address the problem of mounting non-performing assets (NPAs) of state-owned lenders, which has worsened due to covid-led disruptions.
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