With HAL lacking money for day-to-day production, design and development, and even to pay salaries of employees, the once cash-rich defence public sector undertaking (DPSU) has had to turn to the banks for loans. HAL’s last two annual reports paint a picture of financial decline: Bank balances dropped from Rs 8,345 crore in 2016-17, to Rs 6,433 in 2017-18, to Rs 101 crore last year. This year, it will be in the negative.