The 17 banks have an exposure of Rs 6,360 crore to the

troubled carrier, excluding the unpaid interests since January 2012, and the compounded interest thereon, taking the total dues to around Rs 7,500 crore. SBI, the leader of the consortium of lenders, has the highest exposure with Rs 1,600 crore, followed by Punjab National Bank at Rs 800 crore, IDBI Bank at Rs 800 crore, Bank of India at Rs 650 crore and Bank of Baroda at Rs 550 crore. Kingfisher has been grounded since October 1 last after a labour unrest due to non-payment of salaries. Banks were hopeful that some money would flow into the airline after Mallya sealed Rs 11,170 crore Diageo deal by selling majority stake in his liquor business United Spirits. Mallya had, however, said these are two different companies. The lenders were also banking on some equity infusion into the airline by a foreign player following the enabling regulatory environment, but the airline has not been able to find an investor so far. All the 17 banks have provided for their exposure to the airline and declared them as bad loans. Since January 2012, the airline has not been servicing the loan. The airline is sitting on a debt of over Rs 7,500 crore in banks loans, and over 10,000 crore in accumulated losses and unpaid salaries, taxes, and vendor dues.