State Bank Of India

State Bank of India (SBI) is all set to buy four premium flats in Mumbai’s posh Peddar Road area from the loss-making Air India for Rs 90 crore. In this regard, a legal team of Air India is preparing a draft sale agreement which will then be given to the counterparts from the SBI, the country’s largest lender.

Recently, the Centre gave go-ahead to state-owned Air India to sell the flats to SBI for about Rs 90 crore as part of the airline's asset monetisation plan.