In the case of CCC, bankers were stunned to receive a ₹60 crore bid for a total of ₹2,623 crore outstanding dues, a less than 3% recovery for banks. The NARCL bid even dwarfs the promoter's offer for ₹195 crore, which had envisaged 7.5% recovery for banks. Bankers said the offers for Rainbow Papers and EPC company CCC is between 2% and 8% of the outstanding loans, making it difficult for them to consider.

Axis Bank first said in 2020 that it will be winding down its UK operations. Currently, the bank's international strategy is to focus on Indian corporates that have global operations, it said in an investor presentation in the results of the quarter ended June.