Tatas pick SBI, two other banks to finance Air India's old debt

Tatas pick SBI, two other banks to finance Air India's old debt

Tatas pick SBI, two other banks to finance Air India's old debtJan 29, 2022, 06:34 AM IST

Tata Sons on Thursday availed of a Rs 10,000-crore loan from SBI and a Rs 5,000-crore loan from BoB, people aware of the matter said. The loans are unrated, unsecured, and pegged at 4.25% [interest rate] annually, the person said.

RBI imposes restrictions on Indian Mercantile Cooperative Bank Ltd, Lucknow; withdrawals capped at Rs 1 lakhJan 28, 2022, 11:07 PM IST

In a statement, RBI said the Lucknow-based co-operative bank will not, without its prior approval, grant or renew any loans and advances, or make any investment.

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