Debt-laden Air India has received a loan worth of Rs 1,500 crore from Bank of India to meet urgent working capital needs less than a month after floating a tender in this regard.
For the second time in recent months, the flagship carrier has received loans from a public sector lender. Prior to that, the airline had borrowed around Rs 3,250 crore as short tenure loans from two lenders IndusInd Bank and Punjab National Bank.
For the second time in recent months, the flagship carrier has received loans from a public sector lender. Prior to that, the airline had borrowed around Rs 3,250 crore as short tenure loans from two lenders IndusInd Bank and Punjab National Bank.
News In-a-Line:
Air India- received a loan worth of Rs 1,500 crore– from Bank of India.
Static/Current Takeaway Points Important for IBPS PO Mains 2017 Exam-
- Air India CMD- Rajiv Bansal.
- MD & CEO of Bank of India- Dinabandhu Mohapatra, Headquarters- Mumbai, Maharashtra.
