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Air India Passenger Chaos 2

Delhi Airport (16/17 March 2012)

SBI to the rescue: Bank likely to buy cash-strapped Air India's flats in South Mumbai

Mar 29, 2015    

Mumbai/New Delhi: India's largest lender State Bank of India has received all necessary approvals to buy residential properties of cash-starved national carrier, Air India, in south Mumbai for Rs 90 crore."The bank has got all the required approvals and it has conveyed its willingness to buy the properties from Air India. SBI is now waiting for the airline to complete its side of approvals," sources close to development told PTI.The state-owned bank is planning to allocate these flats to its top executives of the rank of Deputy Managing Directorsand General Managers.The airline had b...

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