Air India ties up with PNB, IndusInd for Rs 32.5 billion loan

Air India has tied up with public sector lender Punjab National Bank and private lender IndusInd to secure loans to the tune of Rs 32.5 billion for meeting working capital requirements. The airline expects the two banks to disburse the amount soon. The funding will be used for the repayment of dues to airport operators, oil companies and other vendors.