Banks to review Vodafone Idea funding plan after AGR relief

Bankers said the decision has altered the company's liability profile, adding that clarity on its funding needs and future business plans are crucial for considering fresh funding.Banks have been wary of lending to Vi because of its huge liabilities, majorly consisting of statutory dues including deferred spectrum payment and AGR liabilities, strained cash flows, and doubts about its ability to service new loans. “Our team will reassess (extending fresh funds) in the light of the new developments,” a senio ...