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Passive airlines cause huge loss to government banks

Passive airlines cause huge loss to government banks

Saturday, March 18, 2017, 12:36 PM

The government declared on Friday, public sector banks have experienced a loss of Rs 6,769 crore due to inactivity of passive airlines. The banks are taking all efforts to recover the dues. There are growing concerns over bad loans in the banking system, and banks are finding it hard to recoup dues in case of inoperative airlines like Kingfisher Airlines.
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