“Banks have individually communicated with the RBI after the liquidity deficit widened significantly at the end of December. The money market rates had shot up, making it more expensive for borrowers to raise funds in debt capital markets,” a source aware of the developments said.
The airline was forced to induct older planes due to grounding led by issues of Pratt & Whitney engines
“Banks led by State Bank of India had come in to support the reconstruction scheme. As per regulations, banks cannot remain invested in other banks,”
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