Air India refinances loans with SBI and BoB at near G-Sec yields
Tata group-owned Air India has refinanced short-term loans with the State Bank of India (SBI) and Bank of Baroda (BoB) for a three-year loan at an attractive rate, thanks to the conglomerate’s strong credit profile.
The new Rs 19,000 crore loan will be used to finance the carrier’s working capital needs and upgrade its aircraft fleet, people familiar with the details said.
