Under the twin structure, National Asset Reconstruction Company Ltd (NARCL) — the state-backed bad bank — acquires and aggregates bad loans from lenders while another organisation, India Debt Resolution Company Ltd (IDRCL), acting parallelly as a private sector entity, focuses on resolution of the non-performing assets for enhancing the value of the loans and finding a better suitor for the troubled borrowing company.
GMR Airports shares rise 3% as company swings to black with Rs 202 crore profit in Q3
GMR Airports share price: GMR Airports shares gained 3% on news of significant profit for Q3 FY25, driven by increased passenger traffic and improved operations.