Air India to borrow Rs 180 billion from SBI and BoB

The Tata Group-owned Air India will borrow Rs 180 billion through one-year loans from the State Bank of India (SBI) and Bank of Baroda (BoB) to refinance existing debt over the short term, while also planning to tap lon­ger tenure loans later in the year. The loans are a continuation of the debt facility availed by the firm after the conclusion of the Tata Group’s takeover of the national carrier.