{"id":576321,"date":"2023-05-12T10:40:40","date_gmt":"2023-05-12T05:10:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=576321"},"modified":"2023-05-12T12:00:51","modified_gmt":"2023-05-12T06:30:51","slug":"go-firsts-bank-loans-to-be-classified-as-bad-but-has-strong-collaterals-3","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/go-firsts-bank-loans-to-be-classified-as-bad-but-has-strong-collaterals-3\/","title":{"rendered":"Go First&#8217;s bank loans to be classified as &#8220;bad&#8221;, 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":[192,130,136],"tags":[],"class_list":["post-576321","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/576321","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=576321"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/576321\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=576321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=576321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=576321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}