BENGALURU: COVID-19 and subsequent lockdown and restrictions hit, cash crunch KSRTC A public advertisement has been issued demanding a loan of Rs 220 crore from banks.
In the advertisement (expression of interest) published on January 25, the state-run transport utility said it has received permission from the government to accept the best offer for availing term loans to pay its dues. The utility said its assets would be the collateral for the loan.
KSRTC is in financial crisis after the pandemic due to fall in earnings, especially on long distance routes..” We issued a notification for loan requirements. But we have not decided to mortgage the property. Banks can submit their bids before February 8,” said a KSRTC official. However, several employees alleged that the company was planning to mortgage Majestic Bus Station. KSRTC plans to raise loans from nationalized or scheduled commercial banks.
East, BMTC Had raised a loan of Rs 160 crore by issuing a similar advertisement. canada bank after mortgage Shantinagar TTMC,
In the advertisement (expression of interest) published on January 25, the state-run transport utility said it has received permission from the government to accept the best offer for availing term loans to pay its dues. The utility said its assets would be the collateral for the loan.
KSRTC is in financial crisis after the pandemic due to fall in earnings, especially on long distance routes..” We issued a notification for loan requirements. But we have not decided to mortgage the property. Banks can submit their bids before February 8,” said a KSRTC official. However, several employees alleged that the company was planning to mortgage Majestic Bus Station. KSRTC plans to raise loans from nationalized or scheduled commercial banks.
East, BMTC Had raised a loan of Rs 160 crore by issuing a similar advertisement. canada bank after mortgage Shantinagar TTMC,
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