Comments
Kolkata-based UCO Bank is "examining ways" of declaring Kingfisher Airlines (KFA) a "willful defaulter".
According to Arun Kaul, Chairman and Managing Director, the bank is examining a possibility of sending a wilful defaulter notice.
"We are examining a possibility of sending a wilful defaulter notice to Kingfisher," he told reporters on the sidelines of the CII-organised Banking Colloquium.
A consortium of 17 banks, led by the State Bank of India (SBI), has an exposure of around ₹6,500 crore to the now grounded KFA.
Kolkata-based United Bank of India has declared KFA, Vijay Mallya and three other directors of the airline as "wilful defaulters."
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.