Kingfisher heaves a sigh of relief after SBI comes to rescue
The cash strapped Kingfisher might have finally got some relief, after the state run bank, State Bank of India agreed to provide the airline with an aid of Rs 1,200 crore. In addition, the income tax department has also softened its stand and unfroze KFA's bank accounts as part of the bailout package for the loss-making carrier.
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Category : BusinessWorldIndia
Description : RBI Deputy Gov Subir Gokarn spoke to Bloomberg UTV post the Credit Policy meet that cut CRR rates.
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