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
  • ‘AI for Good – Impact India Summit 2025’ showcased India’s leadership in using Artificial Intelligence for sustainable development and ethical digital growth.

    Read More....
  • Union Minister Shri Sarbananda Sonowal, along with Assam Chief Minister Dr. Himanta Biswa Sarma, distributed capital assistance under the “Mukhyamantri Mahila Udyamita Abhiyan” in Dibrugarh.

    Read More....
  • Prime Minister Shri Narendra Modi inaugurated the “Pradhan Mantri Dhan-Dhanya Kisan Yojana” and “Dalhan Atmanirbhar Mission” in Pusa, Delhi.

    Read More....
  • Sugamya Bharat App launched at Purple Fest to empower persons with disabilities and promote inclusive access.

    Read More....
  • Three major Indian ports:- Deendayal, V.O. Chidambaranar and Paradip designated as Green Hydrogen Hubs to boost India’s clean energy transition.

    Read More....
  • India and the UK launch the Connectivity & Innovation Centre to advance secure, innovative telecom and digital inclusion.

    Read More....
  • Jasprit Bumrah becomes the first Indian fast bowler to play 50 matches across all three formats.

    Read More....
  • The International Union for Conservation of Nature (IUCN) has announced that the green sea turtle (Chelonia mydas) has improved its Red List status from Endangered to Least Concern

    Read More....
  • China Imposes Stricter Controls on Rare-Earth Exports, Raising Global Tech and Security Concerns

    Read More....
  • India inaugurates its first Semiconductor Innovation Museum in Hyderabad to showcase cutting-edge technology and promote innovation.

    Read More....