A tale of two loans: Banks queue up for BPCL, put Vodafone Idea on hold

Mumbai: Two of the largest loan proposals in recent history, worth a combined ₹55,000 crore, have evoked disparate reactions from bankers. While lenders are salivating at Bharat Petroleum Corporation Ltd’s (BPCL’s) ₹32,000 crore loan proposal, they are circumspect on lending to Vodafone Idea, which is looking to raise ₹23,000 crore through loans to strengthen and expand its network. Combined, the two loans equate to about 2% of the outstanding loans to large industries.