IBC's big success: Lenders to recover Rs 42k crore as ArcelorMittal initiates payment for Essar Steel

State Bank of India will be able to write back Rs 12,161 core, Canara Bank Rs 3,493 crore, Punjab National Bank Rs 2,701 crore and ICICI Bank Rs 2,110 crore due to the payment from ArcelorMittal.