Tag: Short Term Loans

New Delhi: Banking majors Punjab National Bank and IndusInd Bank have won the bid to provide national passenger carrier Air India with over Rs 3,000 crore government guarantee backed “Short Term Loans” (STLs). According to highly placed sources, the two banks will provide the STL to the airline. “These two banks (PNB and IndusInd Bank) have […]

New Delhi: National passenger carrier Air India has invited bids from banks for Rs 3,250 crore government guarantee backed “Short Term Loans” (STLs). The airline has called for financial bids by September 19. “Air India is looking for Government Guarantee backed INR STLs totaling upto Rs 3,250 crore in the first phase to meet its […]