After 863-day wait, SBI set to recover this much as ArcelorMittal pays up for Essar Steel; what’s next for IBC

After a long wait of 863 long days, banks including SBI, IDBI Bank, Canara Bank, PNB among others have recovered a whopping Rs 42,000 crore, after ArcelorMittal made the promised repayment following resolution of Essar Steel.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/35gm3cd