Debt-laden Air India has received a loan worth of Rs 1, 500 crore from.....to meet urgent working capital needs less than a month after floating a tender in this regard.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Debt-laden Air India has received a loan worth of Rs 1, 500 crore from____to meet urgent working capital needs less than a month after floating a tender in this regard.

A	Indian Overseas Bank
B	Punjab National Bank
C	Bank of India
D	Bank of Baroda

Explanation:

Detailed explanation-1: -NEW DELHI: 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, an airline source said. For the second time in recent months, the flagship carrier has received loans from a public sector lender.

Detailed explanation-2: -The government has settled over Rs 61, 000 crore of Air India’s legacy debt and other liabilities that were left in AIAHL–the company holding residual assets and liabilities of the airline–ahead of the transfer of the national carrier to the Tata Group, a top official said on Thursday.

Detailed explanation-3: -The total losses incurred by Air India as of the end of March 2021 were Rs 83, 916 crore. It lost an additional Rs 9, 556.5 billion in FY22.

Detailed explanation-4: -Union Budget 2022: Rs 9, 259-crore outlay for Air India debt.

There is 1 question to complete.