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Perhaps Akshay Kumar should be
called the most bankable star! The
Indian Bank and Exim Bank are jointly
co-financing a Bollywood project
that has Akshay Kumar and Katrina
Kaif in the lead. While Exim Bank
has sanctioned Rs. 25 crores, the
Indian Bank has allotted Rs. 10
crores for the project. The film
is to be made on a budget of Rs.
70 crores, it is reported. The rate
of interest is somewhere between
12.5 and 13 per cent. The collateral
for this loan happens to be the
negative of the film.
The film is produced by Venus Records
and Priyadarshan wields the megaphone
for it. Financing films is not new
to these banks though. While the
IOB has financed the Rajini starrer
Sivaji, Exim Bank had financed a
couple of Bollywood ventures.
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