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Lenders consortium turns down Kingfisher’s loan request

MUMBAI, India - Turning down a request for Rs 200 crore working loan by Kingfisher, the SBI-led lenders consortium on Thursday asked SBI Capitals to chalk out a fresh revival plan for the cash-strappe

Reserve Bank of India: Airlines must stop settling transactions overseas

MUMBAI - Reserve Bank of India has asked foreign airlines operating in India to stop the practice of using overseas banks to settle transactions on the sale of air tickets in India.

Global tourism slump hits Canadian banks

Toronto, Ontario, Canada - The slump in global tourism has hit Canadian banks which has substantial investments in countries such as Jamaica and the Bahamas that thrive on visitors.

Report: JAL’s plan to be rejected by banks

Japan’s three largest banks have decided to reject the Transport Ministry’s rehabilitation plan for their loan customer Japan Airlines Corp., the Nikkei newspaper reported.

Berlusconi: Italian tourism sector to get 1.4 bln euros from the...

ROME - Italian banks will offer up to 1.4 billion euros ($1.96 billion) in low-interest loans to the tourism sector as a result of an agreement with the government, Prime Minister Silvio Berlusconi sa

Banks want airline ticket sales, planes as collateral

Mumbai / New Delhi - Worried about the financial condition of loss-making airlines in India, commercial banks are asking cash-strapped carriers to pledge future ticket sales, company shares and aircra