Canara Bank puts Rs 509 crore Rajesh Exports loan up for bid as bankruptcy waits

Published on 7 May 2026

Bank seeks buyers for troubled debt before bankruptcy verdict

Canara Bank has invited bids to sell a ₹509.37 crore loan extended to Rajesh Exports, treating it as distressed debt. The lender is moving ahead while it awaits a decision on its bankruptcy plea against the gold jewellery firm. If buyers step in, Canara Bank aims to recover dues tied to its exposure to the struggling business.

Canara Bank is offering a ₹509.37 crore Rajesh Exports loan for sale
The loan is classified as distressed debt and sought by potential buyers
The move is tied to the status of Canara Bank’s bankruptcy plea
Recovery of dues is the primary goal behind the bidding process

#canara bank #bankruptcy #rajesh exports #gold jewellery #distressed debt

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Canara Bank puts Rs 509 crore Rajesh Exports loan up for bid as bankruptcy waits

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