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coffee day global: Karnataka Bank set to recover over 50% of Coffee Day global debt

Karnataka Bank is expected to recover more than half of its dues from the debt sale of Coffee Day Global. The bank has received a binding offer from Rare Asset Reconstruction Company (ARC) for about ₹50-₹55 crore against dues of ₹88 crore. Rare ARC has previously acquired Coffee Day Global debt from other banks.

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