September 18, 2026 12:26 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
TMC name, symbol frozen: EC tells rival factions to pick new identities ahead of Bengal bypolls
Thu, Sep 17 2026
PM Modi turns 76: From 25 years in public life to yoga, fasting and ‘Panchtatva’ walk — his life beyond politics
Thu, Sep 17 2026
‘Assalamualaikum’ row: Why West Bengal IPS officer Bushra Bano’s sudden transfer has triggered a political storm
Thu, Sep 17 2026
Jaishankar in Bhutan: EAM meets Foreign Minister, key talks on energy, trade and connectivity
Wed, Sep 16 2026