September 22, 2026 05:02 am (IST)
Follow us:
CBI probes Rs. 900 cr loan given to Kingfisher Airlines by IDBI
New Delhi, Aug 10 (IBNS): The Central Bureau of Investigation (CBI) on Sunday started a probe into Rs 900 crore loan given by the IDBI Bank to the now defunct Kingfisher Airlines, reports said.
The loan was given in 2009 despite an internal bank report stated that the aviation company's financial position was unsatisfactory .
The report was reportedly prepared by the bank in November 2009 on Kingfisher's request for a loan of Rs 150 crore for six months.
The CBI will now probe why the bank took the risk despite its own report.
The probe agency is also likely to examine UB Group Chairman Vijay Mallya.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
'Sandhya Didi has put on weight': Kailash Vijayvargiya's remark on BJP councillor sparks row
Mon, Sep 21 2026
Scorpio rams into pilgrims in Gujarat, 1 dead, over 10 injured; mob sets car on fire
Mon, Sep 21 2026
'Petty incidents happen': Bihar minister's remark on Jamui minor molestation sparks outrage
Mon, Sep 21 2026
Lenin, Marx, Ho Chi Minh out? BJP panel moves to revisit Kolkata’s Communist-era road names
Mon, Sep 21 2026
Who is Professor Suryanarayana Doolla? IIT Bombay teacher at centre of Sahil Wakode death row
Mon, Sep 21 2026
IIT Bombay protests erupt after student’s death; authorities meet students over 18 demands
Mon, Sep 21 2026