Canara Bank Sells KTPL Debt for ₹520 Cr | New Benchmark in NPA Recovery
A Landmark in India’s Banking Recovery The Indian banking sector marked a major milestone as a Canara Bank-led consortium successfully sold Karanja Terminal and Logistics Pvt Ltd (KTPL)’s ₹520 crore debt to Prudent Asset Reconstruction Company (ARC). Conducted via a transparent Swiss challenge auction, this transaction achieved over 86% recovery, one of the highest ever … Read more