A consortium of lenders to state-run Air India broadly approved its financial restructuring plan. Bank of Baroda is the largest public sector lender to Air India. RK Bakshi, executive director of Bank of Baroda says, there are no direct haircuts in Air India debt restructuring.
In an interview to CNBC-TV18, Bakshi says, the total exposure of the bank to aviation is around Rs 3,500 crore, but there are no non-performing loans (NPLs) in that. He doesnDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
