Friday, 29 September 2017

Air India Ties up with PNB, IndusInd

Air India has tied up with public sector lender PNB and private lender IndusInd Bank to secure loans to the tune of over Rs 3,000 crore for meeting working capital requirements.

Recently, the disinvestment-bound Air India had floated tenders for availing Govt. guarantee backed INR short-term loans totalling up to Rs 3,250 crore in the first phase to meet its urgent working capital.    

Important Takeaways from Above News-
  • Shri Rajiv Bansal is the Chairman and Managing Director of Air India Ltd.
Source- The Indian Express

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