http://www.thehindubusinessline.com/industry-and-economy/banking/article3682518.ece
Indian Bank has made a provision of Rs 32 crore against its Rs 800-crore loan to Air India, the bank’s Chairman and Managing Director, Mr T. M. Bhasin, said at a press conference here today.
He said the bank was required to make Rs 8 crore of provision for each of the four quarters of the year, but it decided to take the entire provision in the first quarter itself.
Except for Air India, the bank has no other exposure to the aviation sector.
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