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Rating outlook for Mumbai Airport revised to stable

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India Ratings has revised the outlook on Mumbai Airport's project bank loans to stable from negative, following clarity on near term issues like regulatory settlement of the final project cost. The project is being managed by promoted Mumbai International Airport Private Ltd. The revision in outlook for loan factors in Airports Economic Regulatory Authority of India’s (AERA) orders on levy of the airport development fee (ADF). It also affirmed the ratings at Long-Term 'BBB+'.

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Going out of Citi Suvidha? Keep higher balance

Citi India’s ‘Suvidha’ salary account holders will need to maintain a monthly net relationship value of Rs 1 lakh if their salary is no longer ...

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