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

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.
Recent Post's
  • Indian-American musician and entrepreneur Chandrika Tandon has won a Grammy Award for her album "Shanti - A Journey of Peace".

    Read More....
  • Shri H Shankar has taken charge as the Managing Director of Chennai Petroleum Corporation Ltd.

    Read More....
  • Prime Minister launches Dhan-Dhaanya Krishi Yojana to enhance agricultural productivity in 100 low crop productivity districts.

    Read More....
  • Canada imposes a 25% tariff on U.S. imports in retaliation to Trump's tariffs.

    Read More....
  • Benjamin Netanyahu appoints Major General Eyal Zamir as the new head of the Israeli Defense Forces.

    Read More....
  • India and Oman agree to amend the Double Taxation Avoidance Agreement to enhance bilateral cooperation.

    Read More....
  • New Zealand's Mount Taranaki has been granted legal personhood, recognizing it as a living entity with rights and responsibilities.

    Read More....
  • The Government of India has appointed Abhinav Gupta as the Additional Director General of the Directorate General of Foreign Trade (DGFT).

    Read More....
  • Former Chief Election Commissioner Navin Chawla Dies At 79.

    Read More....
  • All India Radio and the Ministry of Culture launched the classical music series 'Har Kanth Mein Bharat' to celebrate India's rich musical heritage.

    Read More....