Air India raises ₹14,000 cr loan from SBI, Bank of Baroda: Report

Air India raises ₹14,000 cr loan from SBI, Bank of Baroda: Report

• By Staff Writer

Tata group-owned Air India has secured ₹14,000 crore in funding from State Bank of India and Bank of Baroda through a mix of fresh loans and refinance of existing debt, Mint reported. The fundraising comprised ₹12,500 crore to refinance existing loans. The funds will support the airline’s efforts to expand into both domestic and international markets, the report added.