Air India Gets Rs 1,500-cr Loan from Bank of India

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.

News In-a-Line:
Air India- received a loan worth of Rs 1,500 crorefrom Bank of India.

Static/Current Takeaway Points Important for IBPS PO Mains 2017 Exam-

  1. Air India CMD- Rajiv Bansal.
  2. MD & CEO of Bank of India- Dinabandhu Mohapatra, Headquarters- Mumbai, Maharashtra.

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