Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
March 18, Sunday 2018 1:13 PM       

       HEADLINES: Two workers killed in accident                                              LPG tanker lorry overturns in Malappuram                                              Toll in Theni forest fire touches 17                                              Three AIIMS doctors killed in accident on Yamuna Expressway                                              Student faces suspension for not taking part in gun violence walkout                                              Pak PM discusses Afghan peace process with US VP                                              Trump re-affirms plan to meet Kim Jong Un                                              Pak to skip WTO meet in New Delhi                                              India advanced in 30 years as much as Britain did in 150: Paul Krugman                                              IPL 2018: Pune to host two play-off matches                                              KP confirms retirement in heartfelt Instagram post                                              All England Open: Sindhu eyes final berth                                              Kaumudi Facebook
       BUSINESS Next Article: BJP slams Cong for claiming credit over GST rate cuts  
       Bank of India to commission Rs 1500 crore to Air India
         Posted on :20:06:39 Nov 12, 2017
       Last edited on:20:06:39 Nov 12, 2017
         Tags: Bank of India to commission Rs 1500 crore to

NEW DELHI: National carrier Air India will soon receive a loan worth Rs. 1,500 crore from the Bank of India towards the former's working capital requirements.

A senior official from Air India told reporters that the money would be disbursed from next week via instalments.

Prior to the current funding round, reports suggest that the airline had borrowed around Rs. 3,000 crore as short tenure loans from two lenders - the IndusInd Bank and the Punjab National Bank.

The national carrier has a debt burden of more than Rs. 52,000 crore.

The previous UPA Government had extended a bailout package worth little over Rs. 30,000 crore to the national carrier for a ten-year period starting from 2012.

The Air India group flies to 44 overseas and 75 domestic destinations. Flights operate to Copenhagen, Tokyo, Washington, Stockholm, Sydney, Hong Kong, Kabul, Colombo, Seoul, Singapore and London, among other foreign cities.

Next Article: BJP slams Cong for claiming credit over GST rate cuts
Delhi holds first exhibition of International Jewellery Brand Chemmanur's Diamonds Collection  
RBI issues corrective framework for PSBs  
Verka exhibits its product range at Krishi Unnati Mela 2018  
Sensex dives 510 pts on political concerns; extends losses for 4th day  
Sebi slaps Rs 12 L fine on merchant banker in Onelife Capital IPO case  
Now there is a marketplace to buy and sell pre-owned taxis in India  
Tata group Chief Ethics Officer Mukund Rajan quits  
Gold softens on muted demand, global cues  
Wholesale inflation eases to 2.48% in Feb'18  
Sensex down 150 pts, Nifty slips below 10,400  
SBI reduces charges on non-maintenance of minimum balance  
Regulations should not impact pace of innovation: Google  
No Nirav Modi firm in the list of 2.26 lakh deregistered cos: Govt  
Paytm to be official umpire partner for IPL 2018  
Sensex zooms the most in two yrs, Nifty above 10,400 on global relief rally  
Sensex rallies 301 pts ahead of IIP, inflation data  
Nirmala Sitharaman invites private sector in Defence  
Alstom completes all-electric ‘Make in India’ locomotive, announces €75 million contract  
Limit collateral damage from bank frauds: ASSOCHAM  
Handy tips for women before joining a new job  
Nearly 17cr Aadhaar cards linked with PAN: Centre  
GST Council likely to simplify tax returns  
RBI imposes Rs. 5 cr penalty on Airtel Payments Bank  
Jaitley to chair 26th GST Council meeting Saturday  
Sensex ends marginally lower on late sell-off  
Do you think controversies are now being used as business tools?
don't opinion
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy