Press Esc to close
Wednesday 29 June 2016
News updated at 3:27 AM IST
Weather
Max: 27.2°C
Min : 20.8°C
In Bengaluru
Rain lightly

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
Fans holds an national soccer team jersey with the name and number of Lionel Messi...

Fans holds an national soccer team jersey with the name and number of Lionel Messi...

Virat Kohli interacts with children at the launch of Stepathlon Kids...

Virat Kohli interacts with children at the launch of Stepathlon Kids...

Pope Francis, left, and retired Pope Benedict XVI embrace during a ceremony...

Pope Francis, left, and retired Pope Benedict XVI embrace during a ceremony...

Horse-mounted Policemen seen at a road in Kolkata...

Horse-mounted Policemen seen at a road in Kolkata...

An egret takes off in New Delhi on Tuesday...

An egret takes off in New Delhi on Tuesday...

A typist attends a customer at a street flooded after heavy rains outside Court complex...

A typist attends a customer at a street flooded after heavy rains outside Court complex...

Muslims prays inside a mosque during the fasting month of Ramadan in Mumbai...

Muslims prays inside a mosque during the fasting month of Ramadan in Mumbai...

Army persons move towards the house where a Hizbul Mujahideen militant was hiding...

Army persons move towards the house where a Hizbul Mujahideen militant was hiding...

Bollywood actor Arjun Kapoor gestures at an awareness campaign for road safety....

Bollywood actor Arjun Kapoor gestures at an awareness campaign for road safety....

Delhi CM and AAP convener Arvind Kejriwal is welcomed by fishermen community...

Delhi CM and AAP convener Arvind Kejriwal is welcomed by fishermen community...

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