RBI gives nod to Air India plan, asks banks to meet on Monday



The Reserve Bank of India (RBI) has approved state-owned Air India Ltds financial restructuring plan with conditions and asked a group of creditors led by State Bank of India (SBI) to take the process forward. RBI has written to SBI and other lenders to Air India to hold a meeting on Monday to discuss the plan, said a top government official familiar with the matter. RBIs communication has also been sent to the finance and aviation ministries. Its a very good beginning, sa
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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