Mumbai, July 10 (IANS) Reliance Infrastructure Limited on Friday said its subsidiary Mumbai Metro One Private Limited (MMOPL) has entered into a debt restructuring agreement with the National Asset Reconstruction Company Limited (NARCL), resulting in a debt reduction of more than Rs 1,100 crore and the withdrawal of insolvency proceedings against the company.In a regulatory filing, Reliance Infrastructure said MMOPL — a joint venture in which it holds a 74 per cent stake and the Mumbai Metropol…
Latest NARCL News & Updates
New Delhi, April 30 (IANS) The National Asset Reconstruction Company Limited (NARCL) has emerged as a key player in India’s stressed asset resolution ecosystem, aimed at strengthening the banking sector’s balance sheet. NARCL’s recovery efforts recorded a significant acceleration in the financial year 2025-26, with ₹4,364 crore realised, accounting for approximately 70 per cent of cumulative recoveries, according to a Finance Ministry statement issued on Thursday.This momentum und…
New Delhi, Dec 27 (IANS) Punjab National Bank (PNB) has declared a Rs 2,434 crore alleged loan fraud by the former promoters of Srei Equipment Finance and Srei Infrastructure Finance.In a late evening exchange filing, the state-run PNB said that “Pursuant to the applicable provisions of SEBI (LODFR) Regulations, 2015 and the Bank’s Policy for determining materiality of events/information required to be reported to the Stock Exchanges, it is hereby informed that the bank has reported borrowal…