The Confederation of Indian Industry (CII) in its pre-budget memorandum recommended that the government consider enabling Foreign Portfolio Investors (FPIs) and Alternative Investment Funds (AIFs) to purchase NPAs.source https://economictimes.indiatimes.com/industry/banking/finance/banking/india-needs-multiple-bad-banks-to-clean-balance-sheets-of-lenders-get-credit-growth-back/articleshow/79825247.cms
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