.............Raghavan, however, defended the bank’s decision to disburse the loan to Kingfisher Airlines during 2008-09. “The CBI enquiry relates to the advance made in 2008-09. This was the time when Kingfisher was doing well,” Raghavan said even as IDBI Bank’s share tumbled 5 per cent on the NSE to touch a low of Rs 79.35 amid CBI launching probe into the bank’s Rs 950 crore loan to the debt laden airlines.........
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