Tuesday, December 24, 2024

BANKING

Lenders to Mumbai Metro One are close to selling their ₹1,226 crore debt to NARCL for ₹1,063 crore, including 15% cash. The government-backed bad bank may restructure the debt while recovering loans is under government guarantee. SBI and IDBI Bank had petitioned for insolvency previously.

from Banking/Finance-Industry-Economic Times https://ift.tt/5JUXEkx
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