Which PSU bank has agreed to buy 4 premium Mumbai flats of Air India in a deal of Rs. 90 crore ?
A. State Bank of India
B. Punjab National Bank
C. Bank of Baroda
D. UCO Bank
Answer:A
Which PSU bank has agreed to buy 4 premium Mumbai flats of Air India in a deal of Rs. 90 crore ?
A. State Bank of India B. Punjab National Bank C. Bank of Baroda D. UCO Bank
Explanation: State Bank of India (SBI) has agreed to buy four premium flats in Mumbai’s posh Peddar Road area from the loss-making Air India for Rs. 90 crore. SBI is planning to allocate these four flats to its top executives. Each of these 3-BHK flats has a carpet area of 2,033 sq ft. Faced with substantial debt burden, the national carrier Air India has been exploring various options to raise money to meet its funding requirements.