Banks not expected to write down Air India loans: official

Banks are not expected to write down loans to cash-strapped Air India under a debt restructuring plan that was approved by a government panel on Tuesday, Banking Secretary D.K. Mittal told reporters.

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The consortium of 14 lenders, led by State Bank of India, is likely to be impacted by 20 billion rupees on account of the $4 billion restructuring, he said on Wednesday.

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