August 18, 2026 08:51 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
Twisha Sharma death: CBI chargesheet reconstructs her final hours, alleged months of cruelty
Mon, Aug 17 2026
India rising as global technology, AI and digital economy force: Toronto Consul General Mahaveer Singhvi
Mon, Aug 17 2026
Indian Army heads to Thailand for MAITREE-XV: Jungle warfare drills begin August 18
Mon, Aug 17 2026
India signs Rs. 1,943 crore deal for two MQ-9B Sea Guardian Drones: Here’s why it matters
Mon, Aug 17 2026
Bomb threats, mines and underwater ops: India-US navies wrap up major Kochi exercise
Mon, Aug 17 2026