Go First's bank loans to be classified as "bad", but has strong collaterals

Lenders to Go Airlines (India) Ltd will classify their loans to the company as "non performing" in the current quarter, but are hopeful that the collateral backing the credit would reduce the amount of haircut they have to take, two banking sources said on Thursday. The Go First bankruptcy filing lists Central Bank of India Ltd, Bank of Baroda Ltd, IDBI Bank Ltd and Deutsche Bank among its financial creditors, which are owed 65.21 billion rupees ($797.38 million)in total.

from Banking/Finance-Industry-Economic Times https://ift.tt/NPWpM7s