Banks not expected to write down Air India loans: Official

Banks are not expected to write down loans to cash-strapped Air India under a debt restructuring plan that was approved by a government panel on Tuesday, Banking Secretary D.K. Mittal told reporters.

February 08, 2012 / 19:12 IST

Banks are not expected to write down loans to cash-strapped Air India under a debt restructuring plan that was approved by a government panel on Tuesday, Banking Secretary D.K. Mittal told reporters.

The consortium of 14 lenders, led by State Bank of India, is likely to be impacted by Rs 2000 crore on account of the USD 4 billion restructuring, he said on Wednesday.

first published: Feb 8, 2012 02:36 pm

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Banks not expected to write down Air India loans: Official

Banks are not expected to write down loans to cash-strapped Air India under a debt restructuring plan that was approved by a government panel on Tuesday, Banking Secretary D.K. Mittal told reporters.

SBI