Business Standard

No fresh loans given to Kingfisher: SBI

Related News

of India (SBI), the country's top lender, has not given fresh loans to debt-crippled Airlines, an official said, denying reports that the state-owned creditor was close to offering a bailout loan package.

"We have not given any fresh loans to Kingfisher," said R Venkatachalam, a deputy managing director of the bank, who is responsible for managing the Kingfisher loan account. "All media reports are baseless and untrue."

The bank is not considering giving any fresh loans to Kingfisher as of now, he said.

Several newspapers reported that would throw a lifeline to Kingfisher, which is majority owned by liquor baron Vijay Mallya, giving figures ranging from Rs 200 crore to Rs 1,650 crore.

Read more on:   
|
|

Read More

Responsible and pragmatic: Amitabh Chaudhry

There has been a high level of focus on financial and capital markets with a slew of measures

Quick Links

More news from Finance Rss icon

Life insurers seek separate tax deduction limit of Rs 1.5 lakh

It will encourage long-term savings and help incremental flows come into life insurance sector, says LIC

Organ donation now part of larger health policies

With organ transplants gaining popularity, insurers are now offering to cover expenses

Insurance for e-rickshaws to be offered as per RTO norms

E-rickshaws are likely to come under the auto-rickshaw category, where there was a 10% hike in TP premiums for this fiscal

Back to Top