Chicken over Kingfisher

The sale of the Kingfisher brand name by public sector banks is generating more jokes in the financial capital than actual interest among buyers. The banks have put the Kingfisher brand name up for sale after the Vijay Mallya-owned airline failed to repay its Rs 7,000-crore loan. "If banks receive even one bid worth Rs 4 then they should feel lucky... a chicken will fetch more than a Kingfisher (bird)," a Mumbai-based fund manager said, adding. "If the banks had kept that money in fixed deposits they would have doubled their money by now instead of selling an asset that has no takers."