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July 26, 2013 – Bangalore Aviation

Daily Archives: July 26, 2013

Opinion: Why are tax-payer funded banks going easy on Kingfisher Airlines loans recovery?

July 26, 2013 Comments Off on Opinion: Why are tax-payer funded banks going easy on Kingfisher Airlines loans recovery?

by Devesh Agarwal The consortium of banks which lent vast sums of money to Vijay Mallya promoted Kingfisher Airlines seem to be making a mockery and charade of recovering almost Rs. 7,000 Crore worth of loans from the airline and its guarantors. The question is why? As per a Mint report, SBI, the leader of the creditors’ consortium, has the …

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