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    Question

    Bank of Baroda (BoB) has made a prudential provision of

    Rs 500 crore for exposure to Go First, which has sought bankruptcy protection after the National Company Law Tribunal (NCLT) admitted its plea for voluntary insolvency.How much exposure does the bank have to the troubled airline?
    A Rs.1100 crore Correct Answer Incorrect Answer
    B Rs.1230 crore Correct Answer Incorrect Answer
    C Rs.1300 crore Correct Answer Incorrect Answer
    D Rs.1470 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Bank of Baroda (BoB) has made a prudential provision of Rs 500 crore for exposure to Go First, which has sought bankruptcy protection after the National Company Law Tribunal (NCLT) admitted its plea for voluntary insolvency. Β  The lender has an exposure of Rs 1,300 crore to the troubled airline. This does not include exposure that is guaranteed by the Centre under the Emergency Credit Line Guarantee Scheme.

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