Tatas chooses SBI and two other banks to finance Air India’s old debt

Daily Current Affairs / Tatas chooses SBI and two other banks to finance Air India’s old debt

Change Language English Hindi

Category : Business and economics Published on: February 01 2022

Share on facebook

The Tata Group has chosen State Bank of India, Bank of Baroda, and HDFC Bank as preferred bankers for Air India.
Recently Tata Group has taken over Air India from the government.
Air India is the largest international carrier out of India with an 18.6% market share.
Tata Sons have availed of a Rs 10,000-crore loan from SBI and a Rs 5,000-crore loan from BoB.
The loan from HDFC Bank is not known yet. The loans are unrated, unsecured, and pegged at 4.25% [interest rate] annually.

World renowned tabla maestro Pt. Swapan Chaudhary Kolkata was awarded the National Tansen Award for the year 2023.
Read More....
West Bengal Chief Minister Mamata Banerjee launched the "Banglar Bari" scheme to provide housing for the rural poor in the state.
Read More....
On 19th December 2024 in Goa, the 4th Asian Roll Ball Championship concluded with the Indian team's victory, winning the gold medal.
Read More....
Masali village in Banaskantha district, Gujarat, has become the first border village in India to run on solar energy.
Read More....
Indian environmentalist Madhav Gadgil has been awarded the United Nations Environment Programme (UNEP) Lifetime Achievement Award 2024.
Read More....
Tom Cruise was awarded the U.S. Navy's highest civilian award.
Read More....
The Indian Army has launched the AI Incubation Centre in Bengaluru to enhance its technological advancements and adopt Artificial Intelligence (AI).
Read More....
India will host the World Para Athletics Championship-2025 at Jawaharlal Nehru Stadium in New Delhi from 26th September to 5th October 2025.
Read More....
Chennai-born Indian-American Caitlin Sandra Neil was crowned Miss India USA 2024.
Read More....
Uttarakhand will implement the Uniform Civil Code (UCC) from January 2025, making it the first state in India to do so post-independence.
Read More....

Tatas chooses SBI and two other banks to finance Air India’s old debt