{"id":576189,"date":"2023-05-12T09:16:12","date_gmt":"2023-05-12T03:46:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=576189"},"modified":"2023-05-12T09:44:09","modified_gmt":"2023-05-12T04:14:09","slug":"go-firsts-bank-loans-to-be-classified-as-bad-but-has-strong-collaterals","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/go-firsts-bank-loans-to-be-classified-as-bad-but-has-strong-collaterals\/","title":{"rendered":"Go First&#8217;s bank loans to be classified as &#8216;bad&#8217;, but has strong collaterals"},"content":{"rendered":"<p>Lenders to Go Airlines (India) Ltd will classify their loans to the company as &#8220;non performing&#8221; in the current quarter, but are hopeful that the collateral backing the credit would reduce the amount of haircut they have to take, two banking sources said on Thursday.<\/p>\n<p>The low-cost carrier was granted bankruptcy protection by a company court on Wednesday, which also halted repossession of planes by lessors.<\/p>\n<p>&#8220;As per norms, the account will have to be declared a non-performing asset in the current quarter, and that will be done,&#8221; one of the bankers said. &#8220;The account will also have to be provided for.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lenders to Go Airlines (India) Ltd will classify their loans to the company as &#8220;non performing&#8221; in the current quarter, but are hopeful that the collateral backing the credit would reduce the amount of haircut they have to take, two banking sources said on Thursday. The low-cost carrier was granted bankruptcy protection by a company court on Wednesday, which also halted repossession of planes by lessors. &#8220;As per norms, the account will have to be declared a non-performing asset in the current quarter, and that will be done,&#8221; one of the bankers said. &#8220;The account will also have to be [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-576189","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/576189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=576189"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/576189\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=576189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=576189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=576189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}