Press Esc to close
Sunday 30 August 2015
News updated at 2:53 AM IST
Weather
Max: 27.6°C
Min : 19.4°C
In Bengaluru
Sunny day

Lenders will give all chances to KFA: SBI chief

Bangalore, Feb 11, 2013, PTI

Kingfisher lenders will give all chances to the grounded airline to restart operation even as bankers are concerned over their outstanding dues, SBI Chairman Pratip Chaudhuri said on Monday.

The chief of State Bank of India, which heads the 17-member lenders’ consortium, also said, “We don’t give up hope till they say no.”

The 17-bank consortium has extended Rs 7,000 crore loans to Kingfisher. SBI alone has an exposure of Rs 1,500 crore, which has not been serviced since January, 2012.

“This (meeting of lenders) will be happening soon ... we are giving every opportunity to the company to restart operation. We are also mindful of the outstanding that the company owes to the bank. So we are doing fine balancing act,” he said.

Asked if SBI’s NIM would be hit because of cut in the lending rate, Chaudhuri said its impact would be neutral.


Go to Top

Photo Gallery
Bollywood actor Arjun Rampal showcases a creation by designer Bugatti during Lakme Fashion...

Bollywood actor Arjun Rampal showcases a creation by designer Bugatti during Lakme Fashion...

President Pranab Mukherjee honours gymnast Dipa Karmakar with Arjuna Award 2015...

President Pranab Mukherjee honours gymnast Dipa Karmakar with Arjuna Award 2015...

Malayali women light lamps at Lord Ayyappa Temple on the occasion of Onam festival...

Malayali women light lamps at Lord Ayyappa Temple on the occasion of Onam festival...

Mahants and sadhus from various Akharas arrive for the first Royal Bath of the Kumbh Mela...

Mahants and sadhus from various Akharas arrive for the first Royal Bath of the Kumbh Mela...

Indian women tie Rakhis onto the wrists of Indian BSF soldiers during the Raksha Bandhan...

Indian women tie Rakhis onto the wrists of Indian BSF soldiers during the Raksha Bandhan...

Women and Children from various segments of society tying ‘Rakhi’ to Prime Minister...

Women and Children from various segments of society tying ‘Rakhi’ to Prime Minister...

Muslim women tie rakhis to police officials on the occasion of Raksha Bandhan...

Muslim women tie rakhis to police officials on the occasion of Raksha Bandhan...

President Pranab Mukherjee honours tennis player Sania Mirza with Rajiv Gandhi Khel Ratna...

President Pranab Mukherjee honours tennis player Sania Mirza with Rajiv Gandhi Khel Ratna...

School girls tying Rakhi on the wrists of BSF personnel during celebrations of Raksha Bandhan...

School girls tying Rakhi on the wrists of BSF personnel during celebrations of Raksha Bandhan...

Ex-servicemen celebrate Raksha Bandhan even as they continue their...

Ex-servicemen celebrate Raksha Bandhan even as they continue their...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523