NEW DELHI: The Rs 900 crore in loans to Kingfisher Airlines that IDBI Bank recalled in May were made despite internal reports at the bank questioning the credit-worthiness of the airline, documents reviewed by ET show. The reports, prepared in November 2009, referred to Kingfisher Airlines’ “unsatisfactory” financial position and said its loan proposal did “not comply with the minimum internal credit rating of ‘BBB’ or equivalent as the norm for selection of new...
Full Story: The Times of India
