Mumbai/New Delhi: Country's largest lender State Bank of India has received all necessary approvals to buy residential properties of cash-starved national carrier, Air India, in south Mumbai for Rs 90 crore.
"The bank has got all the required approvals and it has conveyed its willingness to buy the properties from Air India. SBI is now waiting for the airline to complete its side of approvals," sources close to development told PTI.
The state-owned bank is planning to allocate these flats to its top executives of the rank of Deputy Managing Directors and General Managers.
The airline had been looking for buyers who can purchase its four flats at up-market Peddar road in south Mumbai since last two years.
30/03/15 PTI/ZeeNews
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"The bank has got all the required approvals and it has conveyed its willingness to buy the properties from Air India. SBI is now waiting for the airline to complete its side of approvals," sources close to development told PTI.
The state-owned bank is planning to allocate these flats to its top executives of the rank of Deputy Managing Directors and General Managers.
The airline had been looking for buyers who can purchase its four flats at up-market Peddar road in south Mumbai since last two years.
30/03/15 PTI/ZeeNews
