Indian Bank has restructured a loan to the tune of around Rs 35 crore for Air India. The loan was restructured during the first quarter of the current fiscal.
T M Bhasin, chairman and managing director, Indian Bank said, "In 2011-12 the bank has restructured around Rs 42 crore and in 2012-13, the Bank has to restructure Rs 35 crore in four quarters, but we have done in one quarter itself".
"They (Air India) are not bad loans and the account is a standard asset," said Bhasin.
The bank has a restructured loan book of around Rs 9,918 crore. "One of the major account which was restructured last fiscal was Rajasthan Electricity Board to the tune of Rs 1,160 crore, for which also we got Government guarantee.
